X3 Holdings Has Regained Compliance with Nasdaq's Minimum Bid Price Deficiency

Rhea-AI Summary

X3 Holdings (Nasdaq: XTKG) has successfully regained compliance with Nasdaq's Minimum Bid Price Requirement, as announced on April 16, 2025. The company received confirmation from Nasdaq's Listing Qualifications Department on April 11, 2025, stating that the compliance issue has been resolved.

The company had previously received a notification on April 10, 2024, for failing to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. XTKG was initially given 180 calendar days to address this issue, followed by an additional 180-day extension until April 7, 2025.

Compliance was achieved after XTKG demonstrated a closing bid price of its ordinary shares at or above $1.00 for 10 consecutive business days from March 17, 2025, to April 11, 2025.

Positive

• Successful resolution of Nasdaq minimum bid price deficiency
• Maintained listing on Nasdaq exchange
• Share price stabilized above $1.00 for required period

Negative

• Previously failed to maintain minimum bid price requirement for extended period
• Required maximum extension period to resolve compliance issue

SINGAPORE, April 16, 2025 /PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq: XTKG) (the "Company" or "XTKG"), a global provider of digital solutions and technology services spanning diverse industries, today announced that the Company received a written notification (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated April 11, 2025, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) ("Minimum Bid Price Requirement") and the matter is closed.

As previously announced, the Company received a notification letter from the Nasdaq dated April 10, 2024, indicating its failure to maintain a minimum bid price of US$1.00 per share for 30 consecutive business days under Minimum Bid Price Requirement. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company was provided with 180 calendar days, and has further received an extension of 180 calendar days, to April 7, 2025, in order to regain compliance with the Minimum Bid Price Requirement.

Pursuant to the Compliance Notice, the Company evidenced a closing bid price of its ordinary shares at or greater than US$1.00 per share for 10 consecutive business days from March 17, 2025 to April 11, 2025. Thus, the Company has regained compliance with the Minimum Bid Price Requirement, and the matter is closed.

About X3 Holdings

X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in Singapore with subsidiaries and operations globally. For additional information, please visit www.x3holdings.com. 

Safe Harbor Statement

This press release contains forward-looking statements. 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. The Company's actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Corporate Investor Relations
Email: ir@x3holdings.com
Website: www.x3holdings.com 

View original content:https://www.prnewswire.com/news-releases/x3-holdings-has-regained-compliance-with-nasdaqs-minimum-bid-price-deficiency-302430037.html

SOURCE X3 Holdings Co., Ltd.

FAQ

What was the minimum share price requirement XTKG needed to meet for Nasdaq compliance?

XTKG needed to maintain a minimum bid price of $1.00 per share for at least 10 consecutive business days to meet Nasdaq's compliance requirement.

How long was XTKG given to resolve the Nasdaq minimum bid price deficiency?

XTKG received an initial 180-day period plus an additional 180-day extension, totaling 360 calendar days until April 7, 2025, to resolve the compliance issue.

When did XTKG successfully regain Nasdaq compliance?

XTKG regained compliance between March 17, 2025, and April 11, 2025, by maintaining its share price above $1.00 for 10 consecutive business days.

What happens now that XTKG has regained Nasdaq compliance?

The minimum bid price compliance matter has been closed by Nasdaq, allowing XTKG to continue its listing on the exchange without further action required.