Nasdaq Grants AGM Group Holdings Inc. Continued Listing on The Nasdaq Stock Market Subject to Conditions

Rhea-AI Summary

AGM Group Holdings Inc. (NASDAQ: AGMH), a technology company focused on high-performance hardware and computing equipment, has received conditional approval from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Capital Market. The company must meet specific requirements, including achieving and maintaining a minimum bid price of $1.00 by June 16, 2025. Additionally, AGMH must demonstrate continued compliance with all applicable Nasdaq Capital Market listing criteria through at least September 29, 2025. This decision comes as a critical development for the company's status on the Nasdaq exchange.

Positive

• Nasdaq granted continued listing status, preventing immediate delisting
• Company given clear timeline and conditions to maintain compliance
• Opportunity to remain on major exchange, maintaining access to capital markets

Negative

• Company currently not meeting $1.00 minimum bid price requirement
• Risk of delisting if compliance conditions are not met by June 16, 2025
• Short timeframe to achieve price compliance (approximately one week)

Beijing, June 09, 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, today announced that the Nasdaq Hearings Panel issued a decision granting the Company’s request for continued listing on The Nasdaq Capital Market subject to the Company’s compliance with certain conditions, including compliance with the $1.00 bid price requirement by June 16, 2025, and continued compliance with all applicable criteria for continued listing on the Capital Market tier through at least September 29, 2025.

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 conditions must AGMH meet to maintain Nasdaq listing?

AGMH must achieve a minimum bid price of $1.00 by June 16, 2025, and maintain compliance with all Nasdaq Capital Market listing criteria through September 29, 2025.

What happens if AGMH fails to meet Nasdaq's conditions by June 16, 2025?

If AGMH fails to meet the conditions, particularly the $1.00 minimum bid price requirement, the company could face delisting from the Nasdaq Capital Market.

Why is AGMH stock facing potential delisting from Nasdaq?

AGMH stock is currently trading below Nasdaq's minimum bid price requirement of $1.00 per share, which is a requirement for continued listing on the exchange.

What is the significance of September 29, 2025 for AGMH's Nasdaq listing?

September 29, 2025 is the date through which AGMH must maintain compliance with all Nasdaq Capital Market listing criteria to retain its listing status.

What options does AGMH have to meet the $1.00 minimum bid price requirement?

While not specified in the release, companies typically can achieve this through business improvements, reverse stock splits, or other corporate actions that could increase the stock price.