Movella Holdings (MVLA) has released an update to notify the public and investors about listing compliance status.
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The Company, previously failing to comply with Nasdaq’s Listing Rule 5250(c)(1) due to not filing its Quarterly Report on time, has received an exception from Nasdaq. It must file the overdue report by May 13, 2024, to regain compliance; otherwise, it risks delisting. The Company is optimistic about fulfilling this requirement, although there’s no guarantee of maintaining overall Nasdaq listing compliance.
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For a comprehensive understanding of the announcement, you can read the full document here.
