Welcome to our dedicated page for Infobird Co news (Ticker: IFBD), a resource for investors and traders seeking the latest updates and insights on Infobird Co stock.
Infobird Co., Ltd (NASDAQ: IFBD) is described as a software-as-a-service provider of AI-powered customer engagement solutions in China, operating within the software publishers industry of the information sector. News related to Infobird often centers on its AI-powered, cloud-based customer engagement and sales force management software, as well as corporate actions connected to its Nasdaq listing.
Investors and observers following IFBD news can expect updates on the company’s customer engagement cloud-based services, its AI-powered sales force management tools, and its efforts to expand SaaS applications into segmented scenarios. The company has communicated plans to focus on high-margin segments, including finance, real estate, and hotel management, and has announced a cooperation in software and IT system development with a counterparty operating a gig economy platform of localized life services.
Infobird’s news flow also includes regulatory and capital markets developments. The company has reported receiving Nasdaq notifications regarding minimum bid price compliance and timely filing of its annual report on Form 20-F, and it has described share consolidations (reverse stock splits), capital reductions, and changes in authorized share capital that were intended to help it meet Nasdaq listing requirements. Announcements have also covered the relocation of operations from Beijing to the Hong Kong Special Administrative Region and stated plans to expand its presence to regions such as Singapore, other parts of Southeast Asia, and Europe.
By following Infobird news on this page, readers can review company-issued updates on its SaaS business focus, geographic relocation and expansion plans, new cooperation agreements in software development, share structure changes, and interactions with Nasdaq listing rules, all of which provide context for understanding developments affecting IFBD.
Infobird (NASDAQ: IFBD) announced it has not filed its Form 20-F for the fiscal year ended December 31, 2023, by the May 15, 2024, deadline.
Despite the delay, Infobird expects to finalize the financial statements soon. On May 20, 2024, Nasdaq notified the company of non-compliance with Listing Rule 5250(c)(1).
Infobird has until July 19, 2024, to submit a compliance plan, and if accepted, they have until November 11, 2024, to file the form. The company's shares remain listed, and it intends to submit the plan by the deadline.
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