SAIHEAT Limited (SAIH) has released an update.
SAIHEAT Limited, a Singapore-based company, has been notified by Nasdaq of non-compliance with its minimum bid price requirement after its Class A Ordinary Shares closed below the $1.00 threshold for 30 consecutive days. The company has until March 31, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. Failure to meet this requirement may lead to delisting, but SAIHEAT is exploring possible actions to rectify the situation, including a potential transfer to the Nasdaq Capital Market.
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