Datasea Regains Compliance with NASDAQ Minimum Bid Price Requirement

Group 1 - Datasea Inc. has regained compliance with NASDAQ's minimum bid price requirement, with its stock closing at $1.00 or greater for 10 consecutive business days from January 23 to February 5, 2024 [1] - The company is engaged in innovative business segments, particularly in Intelligent Acoustics and 5G messaging technology, focusing on ultrasonic, infrasound, and directional sound technology [2] - Datasea's 5G Messaging segment operates on a cloud platform based on AI, enhancing its technological capabilities [2] Group 2 - The company established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware in July 2023, marking its strategic move to expand its global presence [2] - Datasea utilizes advanced R&D technology as the core infrastructure for its products, emphasizing its commitment to innovation in the acoustic solutions market [2] - The company is developing innovations in ultrasonic sterilization to combat viruses and prevent human infections, as well as in medical ultrasonic cosmetology [2]