IMTE Receives Nasdaq Notice Regarding Minimum Bid Requirements

Core Viewpoint - Integrated Media Technology Limited (IMTE) has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement for its common stock, which has been below $1.00 for 30 consecutive business days [1][2]. Compliance and Listing Details - The notification indicates that IMTE is not in compliance with Nasdaq Listing Rule 5550(a)(2) [2]. - The company has a compliance period of 180 calendar days, until June 29, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days [4]. - If IMTE fails to regain compliance by the deadline, 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 [5]. Company Overview - IMTE is engaged in trading Halal products, manufacturing and selling nano-coated plates for filters, and producing electronic glass [6].