HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement

Core Points - HUB Security Ltd has received a notification from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement due to its ordinary shares closing below $1.00 for 30 consecutive business days [2][4] - The company's business operations remain unaffected by this notification, and it plans to monitor its share price to regain compliance [3][4] - The company has an initial compliance period of 180 calendar days, ending on January 13, 2025, to meet the Minimum Bid Price Requirement [4] - If compliance is not regained within the initial period, the company may be eligible for an additional 180-day compliance period under certain conditions [5] - Failure to regain compliance within the granted periods may lead to delisting of the ordinary shares, pending an appeal [5]