Luokung Technology Faces Nasdaq Compliance Challenges

Luokung Technology (LKCO) has released an update.

Luokung Technology has regained compliance with Nasdaq’s periodic filing requirements but faces a new challenge as it must address a stockholders’ equity deficiency to maintain its listing. The company now has until December 9, 2024, to submit a plan to rectify this issue and potentially secure an extension. Luokung remains focused on its advanced spatial-temporal big data services and high-definition mapping solutions in China.

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