Core Viewpoint - 3 E Network Technology Group Limited has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares [1][2]. Compliance Status - The company has a compliance period of 180 calendar days, until March 24, 2026, to regain compliance by achieving a closing bid price of $1.00 per share for at least 10 consecutive business days [2][3]. - If the company does not regain compliance within the initial period, it may be eligible for an additional compliance period, provided it meets other listing requirements [3][4]. Business Operations - The receipt of the deficiency letter does not affect the company's business operations, and it plans to monitor the closing bid price actively [5]. - 3 E Network is a B2B IT solutions provider, offering integrated software and hardware solutions across various sectors, including property management, food establishments, and clean energy utilities [6].
3 E Network Technology Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency