Luokung Technology (LKCO) said Friday it received two letters from Nasdaq, with the first confirming the company's compliance with the periodic filing rule and the second stating that it no longer meets the minimum stockholders' equity requirement.
The first letter confirmed that Luokung regained compliance with the exchange's periodic filing requirements after filing its annual report for the year ended Dec. 31, 2023, on Tuesday, according to the company.
However, the second letter stated that Luokung no longer meets the minimum stockholders' equity requirement of $2.5 million for continued listing.
The company said it plans to submit a plan to regain compliance within the 45-day deadline.
Shares of Luokung Technology were down nearly 1% in after-hours trading.
Price: 2.1200, Change: -0.02, Percent Change: -0.93
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。