Caravelle International Regains Nasdaq Compliance

Caravelle International (CACO) has released an update.

Caravelle International Group has regained compliance with Nasdaq’s Minimum Bid Requirement after maintaining a closing bid price of $1.00 or more for 17 consecutive business days. Additionally, Nasdaq has granted the company an extension until September 10, 2024, to file its annual report, thus providing an opportunity for Caravelle to comply with Nasdaq Listing Rule 5250(c)(1) and avoid delisting.

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