Fresh2 Group (FRES) has released an update to notify the public and investors about listing compliance status.
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Fresh2 Group Limited received a notice from Nasdaq on January 26, 2024, due to the failure to maintain the minimum required bid price of $1 over 30 consecutive days, but this does not immediately affect its listing. The company has until July 24, 2024, to regain compliance by ensuring its share price exceeds $1 for at least ten consecutive days. If compliance is not achieved, it may be granted an additional 180 days to meet the requirement, potentially through a reverse stock split. Failure to comply after this period could lead to delisting, but the company can appeal. The company plans to monitor its share price and explore options to comply with the requirements.
For further insights into FRES stock, check out TipRanks’ Stock Analysis page.
