AirNet Announces Receipt of Deficiency Letter from Nasdaq

BEIJING, Jan. 05, 2024 (GLOBE NEWSWIRE) -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (the "Company") (NASDAQ:ANTE), today announced that it received a notification letter dated December 29, 2023 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stock ...