Core Points - AirNet Technology Inc. has received a notification from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000 as per Nasdaq Listing Rule 5550(b)(1) [1] - The company's reported stockholders' equity in its Form 20-F for the year ended December 31, 2024, is below the required threshold [1] - AirNet does not meet alternative compliance standards based on market value of listed securities or net income from continuing operations [1] Compliance Plan - The notification does not have an immediate effect on the listing of the company's American depositary shares on Nasdaq [2] - AirNet has until June 27, 2025, to submit a plan to regain compliance with the minimum stockholders' equity standard [2] - If the plan is accepted by Nasdaq, the company may receive an extension of up to 180 calendar days from the date of the notification letter [2] Disclosure - The press release is filed in accordance with Nasdaq Listing Rule 5815(a) to disclose the receipt of the notification [3]
AirNet Received Nasdaq Notification Letter Regarding Stockholders' Equity Deficiency