Luokung Technology (LKCO) said Friday it received a letter from Nasdaq after the exchange determined the company didn't provide a plan showing its ability to achieve near-term compliance with rules including minimum stockholder equity.

Nasdaq decided to deny Luokung's request for continued listing, and the company has until Feb. 18 to request an appeal of the decision.

The company said it plans to request a hearing to appeal the delisting decision before that date.

Luokung also said it's "considering all potential options available" to regain compliance with the listing rules.