EpicQuest Education Group International Limited announced on March 7, 2025, that it received a delinquency notification letter from the Nasdaq Stock Market LLC. The letter, dated March 5, 2025, indicated that the company is not in compliance with Nasdaq's minimum bid price requirement.
The non-compliance stems from the company's common shares closing below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 for continued listing.
EpicQuest Education has been granted a period of 180 calendar days, until September 1, 2025, to regain compliance. Failure to do so could lead to potential delisting from the Nasdaq Capital Market, unless an extension is granted based on meeting other listing standards.
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