SRIVARU Holding (SVMH) said Thursday that a Nasdaq hearings panel granted its request for continued listing, giving it the necessary time to implement its plan to regain compliance.
The company said that if it can demonstrate compliance with the stockholders' equity standard by Nov. 14 then the panel will grant additional time to complete a reverse share split, if necessary, to meet the minimum bid price requirement.
Shares of the company closed more than 11% higher Thursday and are up over 42% in premarket activity Friday.
Price: 0.1767, Change: +0.0527, Percent Change: +42.50
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