Atif Holdings Limited Stock Price, News & Analysis

ATIF Holdings Limited (NASDAQ: ATIF) has announced the successful development and testing of its NFT platform, set to launch by the end of 2021. The platform will facilitate auctions and listings of various digital assets, ensuring scarcity and originality while addressing copyright issues. Targeting primarily the US market, it aims to provide additional income opportunities for artists through royalties. CEO Jun Liu expresses confidence in the company's potential profitability by 2022, leveraging its existing media platform with nearly 10 million members to boost engagement.

ATIF Holdings Limited (Nasdaq: ATIF) has announced that it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share, effective September 14, 2021. This compliance follows a period where the closing bid price of ATIF's shares was at or above $1.00 for at least 10 consecutive business days from August 30 to September 13, 2021. Consequently, the matter is now closed per Nasdaq Listing Rule 5550(a)(2).

ATIF Holdings Limited (Nasdaq: ATIF) announced a 5-for-1 reverse stock split approved by its Board on August 12, 2021. This move aims to maintain compliance with Nasdaq's minimum bid price requirement of $1.00 per share after receiving a non-compliance notice on July 26, 2021. The reverse split will reduce the total outstanding shares from approximately 45.8 million to 9.16 million, effective August 30, 2021. Shareholders will exchange their stock certificates through Transhare Securities Transfer, while those in book-entry form will not need to take action.

ATIF Holdings Limited (Nasdaq: ATIF) received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share, as the closing bid price averaged below this threshold from June 11 to July 23, 2021. The company has until January 24, 2022, to regain compliance, needing its securities priced above $1.00 for ten consecutive business days. The notice does not imply immediate delisting. ATIF plans to monitor its share price and evaluate options to comply within the provided period.

ATIF Holdings Limited (Nasdaq: ATIF) announced a US$1 million subscription to its newly launched ATIF-1 Hedge Fund from Chairman Jun Liu, reflecting confidence in the fund's management and investment potential. The company, headquartered in Los Angeles, focuses on providing business and financial consulting, particularly IPO Advisory Services for small and medium-sized enterprises in Asia and North America. The fund aims to deliver significant returns for investors.

ATIF Holdings Limited (Nasdaq: ATIF) announced significant leadership changes aimed at boosting shareholder value. Jun Liu, President and Chairman, has formed a new asset management team and appointed Ian Zhou as CEO of ATIF-1. The company successfully achieved satisfactory investment returns in 2020 and plans to launch its asset management business in Q2 2021, with JP Morgan as the prime broker. ATIF has a strong background in advising companies on U.S. public listings and aims to leverage favorable market conditions to enhance its investment strategies.

ATIF Holdings Limited (Nasdaq: ATIF) has commenced research on blockchain technology in China's financial sector to enhance its Fintech capabilities. The company aims to leverage the rapid growth in blockchain, with over 8,000 new firms established in early 2020. CEO Pishan Chi highlighted the potential of blockchain to reduce costs and improve financing solutions for companies. ATIF plans to launch its own securities investment services and investment advisory by Q2 2021, supporting its strategic expansion in Asia and North America.

ATIF Holdings Limited (Nasdaq: ATIF) announced the cancellation of 5,555,548 ordinary shares, reducing outstanding shares from 51,362,500 to 45,806,952. This action, approved on March 1, 2021, was part of a strategic initiative to enhance shareholder value following the exit from the Leaping Group Co., Ltd. business, which is expected to take time to recover. CEO Pishan Chi emphasized the company's adaptability and confidence in executing its business plans, including launching its asset management segment to boost shareholder returns.

ATIF Holdings Limited has announced a change in auditor from Friedman LLP to ZH CPA, LLC for the fiscal year ending July 31, 2021, effective March 3, 2021. This decision was approved by the Audit Committee and Board of Directors. The company reports no disagreements with the former auditors regarding accounting practices or financial disclosures. Established in Los Angeles, ATIF provides business and financial consulting services in Asia and North America, focusing on small and medium-sized enterprises.