Core Viewpoint - Caravelle International Group has received an extension from Nasdaq to file its annual report, demonstrating its commitment to regulatory compliance and maintaining its listing status on the exchange [1][2]. Group 1: Nasdaq Compliance - Nasdaq granted Caravelle an exception to file its annual report on Form 20-F for the fiscal year ended October 31, 2023, by September 10, 2024, allowing the company to regain compliance with Nasdaq Listing Rule 5250(c)(1) [1]. - The company has regained compliance with the Minimum Bid Requirement, as its ordinary shares' closing bid price was at $1.00 or greater for 17 consecutive business days from May 15, 2024, to June 7, 2024 [5]. Group 2: Company Overview - Caravelle International Group is a global ocean technology company with operations in international shipping and a new timber drying business [3]. - The shipping sector is operated by Topsheen Companies, which includes Topsheen Shipping Group Corporation and its subsidiaries [3]. - The company is headquartered in Singapore [3].
Caravelle International Group Regained Compliance with the Minimum Bid Requirement