Greenpro Capital Corp. announced that it has regained compliance with Nasdaq's Listing Rule 5550(a)(2). This rule mandates a minimum bid price of $1.00 per share for continued listing on the exchange.
The company received confirmation from the Nasdaq Listings Qualifications Staff regarding its adherence to the required minimum bid price. This development resolves a previous compliance issue.
Regaining Nasdaq compliance is a crucial step for Greenpro Capital, as it ensures the company's continued presence on a major U.S. stock exchange and mitigates the risk of delisting.
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