Summary by Moomoo AI
On April 30, 2024, Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, announced that it has received a notification from the Nasdaq Stock Market indicating non-compliance with the minimum bid price requirement. The Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share. Jeffs' Brands has been given a 180-day grace period, until October 22, 2024, to regain compliance. During this time, the company's shares and warrants will continue to trade on Nasdaq under the symbols 'JFBR' and 'JFBRW'. If the company fails to meet the requirement within the initial period, it may be eligible for an additional 180 days if it meets other initial listing standards, except for the minimum bid price. Jeffs' Brands is considering options to address the deficiency, including a potential reverse share split, to regain compliance within the allotted time.