Core Viewpoint - QMMM Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period granted until August 25, 2025 [1][2]. Group 1: Compliance Notification - The Company was notified on February 26, 2025, that it failed to maintain a minimum bid price of $1 per share from January 8, 2025, to February 25, 2025 [1]. - Nasdaq has provided an initial compliance period of 180 calendar days, ending on August 25, 2025, for the Company to regain compliance [2]. - If the Company does not regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Regaining Compliance - The Company is currently evaluating options to regain compliance with Nasdaq's continued listing requirements and intends to do so in a timely manner [3]. - There is no assurance that the Company will successfully regain compliance with the minimum bid price requirement or other Nasdaq listing standards [3]. Group 3: Company Overview - QMMM Holdings Limited is a digital media advertising, virtual avatar, and virtual apparel technology service provider based in Hong Kong [1]. - The Company is recognized for its digital advertising and marketing production services [4].
QMMM Holdings Limited Announces to receive Nasdaq Minimum Bid Price Deficiency Letter