AGM Group Holdings Inc. Receives Staff Determination Notice from Nasdaq and Plans to Appeal

Core Viewpoint - AGM Group Holdings Inc. is facing delisting from Nasdaq due to its Class A ordinary shares closing bid price being below $0.10 for ten consecutive trading days as of March 31, 2025 [1][3] Group 1: Nasdaq Delisting Notification - The Company received a Staff Determination Notice from Nasdaq on April 1, 2025, indicating the intent to delist its securities [1] - The Company's Class A ordinary shares have been below the minimum bid price requirement of $0.10 for ten consecutive trading days [1][3] - Trading of the Company's securities will be suspended on April 10, 2025, unless an appeal is filed by April 8, 2025 [1] Group 2: Compliance Issues - On March 13, 2025, the Company was notified of non-compliance with the minimum bid price requirement of $1.00 per share for 30 consecutive business days [2] - The Company has until September 9, 2025, to regain compliance with the minimum bid requirement [2] Group 3: Company Operations and Appeal - The Company's operations remain unaffected by the Staff Determination Notice [4] - The Company plans to appeal Nasdaq's determination to the Hearings Panel, which will stay the suspension pending the Panel's decision [4] Group 4: Company Overview - AGM Group Holdings Inc. specializes in assembling and selling high-performance hardware and computing equipment, focusing on blockchain-oriented ASIC chips and high-end crypto miners [5]