ARB IOT Group Faces Nasdaq Compliance Issue

ARB IOT Group Limited (ARBB) has released an update.

ARB IOT Group Limited, a leading ASEAN IoT solutions provider, has been notified by Nasdaq of a minimum bid price deficiency, with its shares falling below the $1.00 threshold for over 30 consecutive days. The company has 180 days to regain compliance and can extend this period by another 180 days if necessary measures, such as a reverse stock split, are implemented. During this time, ARB’s shares will continue to trade on Nasdaq under the ticker ‘ARBB’.

For further insights into ARBB stock, check out TipRanks’ Stock Analysis page.