Caravelle International Faces Nasdaq Compliance Challenge

Caravelle International (CACO) has released an update.

Caravelle International Group has been notified by Nasdaq of a bid price deficiency, as its shares have traded below the minimum required $1.00 for over a month. The company has been granted a 180-day period to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Caravelle International is exploring options to address the issue and avoid potential delisting.

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