Nano Labs Ltd. Sponsored ADR Class A (NA) has released an update.
Nano Labs Ltd., a prominent Chinese integrated circuit design firm, has been notified by Nasdaq of non-compliance with its Market Value of Publicly Held Shares requirement, risking its listing status. The company has a 180-day period to meet the minimum value threshold and is exploring options to rectify the situation. This announcement is in line with Nasdaq’s requirement for public disclosure following a notification of deficiency.
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