Mawson Infrastructure Group Inc. Faces Potential Nasdaq Delisting Due to Bid Price Rule Non-Compliance
Reuters
Aug 13
<a href="https://laohu8.com/S/MIGI">Mawson Infrastructure Group Inc.</a> Faces Potential Nasdaq Delisting Due to Bid Price Rule Non-Compliance
Mawson Infrastructure Group Inc. has announced a regulatory issue regarding its continued listing on the Nasdaq Capital Market. The company received a notification from Nasdaq indicating that its common stock had failed to meet the minimum bid price requirement of $1.00 per share for the last 30 consecutive business days, as per Nasdaq Listing Rule 5550(a)(2). Despite being given until August 5, 2025, to rectify the situation, Mawson was unable to meet the compliance deadline. Consequently, the Nasdaq Hearings Panel will review the company's situation to determine its future listing status. Mawson plans to request an extension to regain compliance, but there is no assurance that this request will be granted or that the company will meet the necessary standards in the future. Failure to secure an extension or meet the listing criteria could result in delisting from Nasdaq.
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