Nano Labs Ltd. Sponsored ADR Class A (NA) has released an update.
Nano Labs Ltd, a Chinese fabless IC design company, has received two Deficiency Letters from Nasdaq for not meeting the required market value and minimum bid price criteria. The company has until November 19, 2024, to submit a Compliance Plan and regain listing compliance. While the letters do not immediately delist Nano Labs, the company is exploring options to meet Nasdaq’s standards and maintain its listing.
For further insights into NA stock, check out TipRanks’ Stock Analysis page.
