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ZK International Group Co., Ltd. Resolves Nasdaq Bid Price Deficiency and Remains in Compliance with Nasdaq Listing Standards
NDAQNasdaq(NDAQ) Prnewswire·2025-02-24 14:00

Core Points - ZK International Group Co., Ltd. has successfully resolved the bid price deficiency concern raised by Nasdaq [1][2] - The company has regained compliance with the minimum bid price requirement, as confirmed by Nasdaq [2][3] - The closing bid price of the company exceeded US1.00for10consecutivebusinessdays,leadingtotheresolutionofthematter[3]CompanyOverview−ZKInternationalisaChina−basedengineeringcompanyfocusedoninnovativetechnologies,holding28patentsand21trademarks[5]−Thecorebusinessinvolvesengineeringandmanufacturinghigh−performancestainlesssteelandcarbonsteelpipeproductsforsustainabledrinkingwaterdelivery[6]−Thecompanyhassuppliedstainlesssteelpipelinesforover2,000projects,includingsignificantvenuesforthe2008BeijingOlympics[6]MarketOpportunity−ZKInternationalaimstocapitalizeontheChineseGovernment′s1.00 for 10 consecutive business days, leading to the resolution of the matter [3] Company Overview - ZK International is a China-based engineering company focused on innovative technologies, holding 28 patents and 21 trademarks [5] - The core business involves engineering and manufacturing high-performance stainless steel and carbon steel pipe products for sustainable drinking water delivery [6] - The company has supplied stainless steel pipelines for over 2,000 projects, including significant venues for the 2008 Beijing Olympics [6] Market Opportunity - ZK International aims to capitalize on the Chinese Government's 850 billion commitment to improve water quality, addressing the issue of 70% of water being unfit for human contact [6]