VS MEDIA Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Core Viewpoint - VS MEDIA Holdings Limited has received a letter of noncompliance from Nasdaq due to its closing bid price falling below the required minimum of $1 per share for the last 30 consecutive business days [1][2]. Compliance Period - The company has a compliance period of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement [2]. - If the closing bid price reaches at least $1 for a minimum of ten consecutive business days during this period, Nasdaq will confirm compliance [2]. Additional Compliance Options - If the company fails to regain compliance, it may be eligible for an additional 180-day period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [3]. - The company may consider a reverse stock split if necessary to meet the bid price requirement [3]. Current Trading Status - The notification from Nasdaq does not result in immediate delisting, and the company's Class A ordinary shares will continue to trade under the symbol "VSME" [4]. Company Actions - VS MEDIA is currently evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's continued listing requirements [5]. Company Overview - Founded in 2013, VS MEDIA Holdings Limited manages a global network of digital creators who publish content on platforms like YouTube, Facebook, Instagram, and TikTok [6].