J-Long Group Faces Nasdaq Compliance Challenge

J-Long Group Limited (JL) has released an update.

J-Long Group Limited, a Hong Kong-based distributor of garment trims, has received a deficiency notice from Nasdaq for not meeting the $1.00 minimum bid price requirement but remains listed on the Nasdaq Global Market. The company has until November 11, 2024, to comply with the minimum bid price rule, potentially through measures like a reverse stock split. Despite this notice, J-Long is considering options to regain compliance and assures that trading on Nasdaq continues unchanged.

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