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’.
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