Core Viewpoint - mF International Limited has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share, following an initial compliance period that expired on January 28, 2025 [1][3]. Group 1: Compliance Status - The company was notified by Nasdaq on August 1, 2024, that its ordinary shares had been trading below the $1.00 bid price for 30 consecutive business days, leading to a compliance period until January 28, 2025 [2]. - As of the current date, the company has not regained compliance with the bid price requirement and has been granted an additional 180 days, extending the deadline to July 28, 2025 [3]. Group 2: Compliance Requirements - To regain compliance, the company's Class A ordinary shares must close at or above $1.00 for at least 10 consecutive business days [3]. - If compliance is not achieved by the new deadline, Nasdaq will notify the company that its securities will be delisted [3]. Group 3: Company Operations - The company plans to monitor its share price and is considering options to regain compliance, asserting that the extension does not impact its business operations or reporting obligations [4]. - mF International Limited operates through its principal subsidiary, m-FINANCE Limited, which provides financial trading solutions and has approximately 20 years of experience in the industry [5].
mF International Limited Receives Additional 180 Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Rule