Ainos granted 180-day extension to regain Nasdaq compliance

Ainos (AIMD) had received written notification from the Listing Qualifications Department of the Nasdaq Stock Market that the Company is eligible for a 180-day extension to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously reported, on July 15, 2024, the Company received a deficiency letter from the Nasdaq notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to the Rule and the Company had been given 180 calendar days, or until January 13, 2025, to regain compliance with the Rule. Pursuant to the Written Notification, the Company now has until July 14, 2025 to meet the minimum bid price requirement. The Written Notification has no immediate effect on the listing or trading of the Company’s shares, which will continue to trade on the Nasdaq Capital Market.