AGM Group Holdings Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Requirements
Rhea-AI Summary
AGM Group Holdings (NASDAQ: AGMH), a technology company focused on high-performance hardware and computing equipment, has received a notification from Nasdaq regarding non-compliance with minimum bid price requirements. The company's Class A ordinary shares have traded below the required $1.00 minimum for 30 consecutive business days.
The notification, received on March 13, 2025, does not immediately affect AGMH's listing status. The company has until September 9, 2025 to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of ten consecutive business days.
If AGMH fails to meet this requirement by the deadline, it may be eligible for an additional 180-day grace period, provided it meets other Nasdaq Capital Market listing standards and formally indicates its intention to resolve the deficiency.
Positive
- Company eligible for 180-day compliance period
- Trading continues uninterrupted on Nasdaq
Negative
- Stock trading below $1.00 for 30 consecutive business days
- Risk of potential Nasdaq delisting if compliance not achieved by September 2025
News Market Reaction
On the day this news was published, AGMH gained 6.94%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Beijing, March 19, 2025 (GLOBE NEWSWIRE) -- AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced that on March 13, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Capital Market (“Nasdaq”) notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company’s Class A ordinary shares was below the minimum of
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until September 9, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s Class A ordinary shares is at least
In the event the Company does not regain compliance with the minimum bid price requirement by September 9, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-calendar-day grace period if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards, with the exception of bid price requirement, of the Nasdaq Capital Market, and provides written notice to Nasdaq of its intention to cure the deficiency.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
AGM Group Holdings Inc.
Email: ir@agmprime.com
Website: http://www.agmprime.com
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
What is the deadline for AGMH to regain Nasdaq compliance?
What happens if AGMH stock doesn't reach $1.00 by the compliance deadline?
Will AGMH be immediately delisted from Nasdaq due to the price deficiency notice?
What is the minimum share price requirement AGMH needs to maintain for Nasdaq compliance?
