SAIHEAT announces receipt of notification from Nasdaq

SAIHEAT announces that it has received a written notification on October 2, 2024, from the Listings Qualifications Department of The Nasdaq Stock Market). The Notification Letter advised that for the last 30 consecutive business the minimum closing bid price per share for the Company’s ordinary shares was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2).