EpicQuest Education Group International Limited announced on January 10, 2025, that it received a notice from the Nasdaq Stock Market confirming it has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2). This resolves a significant regulatory concern for the company.
The notice, received on January 8, 2025, indicated that the company's common shares maintained a closing bid price of $1.00 per share or greater for 20 consecutive business days. This period spanned from December 9, 2024, to January 7, 2025, successfully closing the compliance matter.
Regaining Nasdaq compliance is a crucial step for EpicQuest Education, ensuring its continued listing on the exchange. This development helps to stabilize investor confidence and maintain the accessibility of its shares to a broader market.
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