AirNet Technology Inc. Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

Rhea-AI Summary

AirNet Technology (NASDAQ:ANTE) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq on July 24, 2025, confirming that its ordinary shares maintained a closing bid price of $1.00 or higher for 10 consecutive business days from July 10 to July 23, 2025.

This development resolves the previous bid price deficiency issue, ensuring AirNet's continued listing on the Nasdaq exchange. The compliance achievement marks a significant milestone for the company in maintaining its market presence.

Positive

• None.

Negative

• Previous trading below minimum bid price requirement indicates historical price weakness

Insights

Securities Regulation Expert

AirNet's regained Nasdaq compliance removes immediate delisting risk, stabilizing its trading status after maintaining required $1.00 minimum bid.

AirNet Technology (ANTE) has successfully regained compliance with Nasdaq's Listing Rule 5550(a)(2), which represents a significant regulatory milestone for the company. The notification received on July 24, 2025 confirms that ANTE has met the critical requirement of maintaining a closing bid price of at least $1.00 per share for ten consecutive business days (July 10-23, 2025).

This development effectively resolves the previous bid price deficiency issue that had placed the company at risk of potential delisting from the Nasdaq exchange. For context, when companies fall below the $1.00 threshold for an extended period, they typically receive deficiency notices and enter a compliance period, during which they must demonstrate sustained price recovery or face potential delisting proceedings.

Regaining compliance is particularly meaningful as it removes the immediate regulatory overhang that often constrains companies facing potential delisting. Companies under delisting pressure frequently experience additional market challenges including reduced institutional interest, limited access to capital markets, and potential acceleration of downward price pressure. The closing of this matter provides ANTE with improved regulatory standing and removes a significant uncertainty factor from its market profile.

While this development addresses the immediate compliance concern, investors should note that the company must continue maintaining compliance with all Nasdaq listing requirements, including the minimum bid price, to preserve its exchange listing status going forward.

BEIJING, July 29, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), announced today that it received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) on July 24, 2025 that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company’s ordinary shares, par value $0.04 each (the “Ordinary Shares”) to maintain a minimum bid price of $1.00 per share.

The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from July 10, 2025, to July 23, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this bid price deficiency matter is now closed.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

Company Contact

Penny Pei
Investor Relations
AirNet Technology Inc.
Tel: +86-10-8460-8678
Email: penny@ihangmei.com

FAQ

What did AirNet Technology (ANTE) announce regarding Nasdaq compliance?

AirNet Technology announced it has regained compliance with Nasdaq's minimum bid price requirement after maintaining a closing bid price of $1.00 or higher for 10 consecutive business days from July 10 to July 23, 2025.

When did ANTE receive the Nasdaq compliance notification?

AirNet Technology received formal notification from Nasdaq on July 24, 2025 that it had regained compliance with the minimum bid price requirement.

What is the minimum bid price requirement for Nasdaq listing?

According to Nasdaq Listing Rule 5550(a)(2), companies must maintain a minimum bid price of $1.00 per share to remain listed on the exchange.

What happens now that AirNet Technology has regained Nasdaq compliance?

With compliance regained, the bid price deficiency matter is now closed, and AirNet Technology can continue its listing on the Nasdaq exchange without this compliance concern.