Nubia Brand Suspends Warrants for Nasdaq Non-Compliance

Nubia Brand International Corp. Class A (NUBI) has released an update to notify the public and investors about listing compliance status.

Solidion Technology Inc. has announced that its warrants, which started trading on Nasdaq under the symbol “NUBIW” on March 11, 2022, have been suspended due to not meeting the minimum holder requirements. While the delisting will not affect the warrant terms or the trading of the company’s common stock (listed as “STI”), the company will not contest Nasdaq’s decision to remove the warrants from the market.

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For a comprehensive understanding of the announcement, you can read the full document here.