BON Announces Nasdaq Compliance
Rhea-AI Summary
Bon Natural Life (Nasdaq: BON), a bio-ingredient solution provider in the natural, health and personal care industry, has successfully regained compliance with Nasdaq's continued listing requirements. The company received formal confirmation from the Nasdaq Hearings Panel on July 2, 2025, verifying that BON has met the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2).
Following BON's compliance plan submission on May 16, 2025, and a hearing presentation on June 5, 2025, the Panel granted the company's request to maintain its Nasdaq Capital Market listing. BON will remain under a Discretionary Panel Monitor for one year to ensure ongoing compliance with listing standards.
Positive
- Successfully regained Nasdaq listing compliance
- Maintained listing on Nasdaq Capital Market
- Approval of compliance plan by Nasdaq Hearings Panel
Negative
- Company will remain under one-year Discretionary Panel Monitor
- Previous non-compliance with minimum bid price requirement
News Market Reaction 1 Alert
On the day this news was published, BON gained 3.38%, reflecting a moderate positive market reaction. This price movement added approximately $191K to the company's valuation, bringing the market cap to $6M at that time.
Data tracked by StockTitan Argus on the day of publication.
On July 2, 2025, the Company received formal notice from the Nasdaq Hearings Panel confirming that BON has successfully met the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2). As a result, the Panel has granted the Company's request to maintain its listing on the Nasdaq Capital Market.
BON submitted its plan of compliance to Nasdaq on May 16, 2025, and subsequently presented its case for continued listing during a hearing on June 5, 2025.
As part of the Panel's decision, BON will remain under a Discretionary Panel Monitor for a period of one year, during which time Nasdaq will monitor the Company's ongoing compliance with all continued listing standards.
About Bon Natural Life Limited ("BON")
BON is a
For more information, please contact:
Cindy Liu | IR
Email: bonnatural@appchem.cn
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
View original content:https://www.prnewswire.com/news-releases/bon-announces-nasdaq-compliance-302504096.html
SOURCE Bon Natural Life Limited
FAQ
What did Bon Natural Life (BON) announce regarding Nasdaq compliance on July 14, 2025?
When did BON receive formal notice of Nasdaq compliance?
What monitoring conditions were placed on BON by Nasdaq?
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