Core Points - GD Culture Group Limited ("GDC") received a Notification Letter from Nasdaq indicating non-compliance with Listing Rule 5550(b)(1), which requires a minimum of $2.5 million in stockholders' equity for continued listing [1] - As of the fiscal year ended December 31, 2024, GDC reported stockholders' equity of $2.643 million, which is above the minimum requirement, but Nasdaq determined that the company does not meet other listing criteria [1] - The Notification Letter does not have an immediate effect on GDC's listing status, and the company has until May 4, 2025, to submit a compliance plan [2] - If the compliance plan is accepted, GDC may receive an additional compliance period of up to 180 days to demonstrate compliance [2] - The company's business operations remain unaffected by the Notification Letter, and it is exploring options to regain compliance [3] - GDC is focused on entering the livestreaming market with an emphasis on e-commerce through its subsidiary, AI Catalysis Corp. [4] Company Overview - GD Culture Group Limited operates primarily through its subsidiaries, including AI Catalysis Corp. and Shanghai Xianzhui Technology Co, Ltd. [4] - The company is engaged in AI-driven digital human technology and live-streaming e-commerce business [4]
GD Culture Group Limited Receives Nasdaq Notification Regarding Minimum Stockholders' Equity Deficiency