Hanryu Holdings Faces Nasdaq Delisting Over Low Stock Price

Hanryu Holdings, Inc. (HRYU) has released an update.

Hanryu Holdings, Inc. has been notified by Nasdaq that its stock price has fallen below the $1.00 minimum requirement for continued listing, prompting a 180-day grace period to regain compliance. The company’s stock remains listed under the symbol “HRYU” and has until August 5, 2024, to meet the requirement, potentially through measures such as a reverse stock split. Failure to comply may result in delisting, though the company can appeal. Hanryu Holdings is exploring options to address the issue, but there is no guarantee of success.

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