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MoneyHero Group Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-07-18 10:00
Core Viewpoint - MoneyHero Limited has regained compliance with Nasdaq's minimum bid price requirement after its share price remained above $1.00 for 10 consecutive business days [1][3]. Group 1: Compliance with Nasdaq - The company received a Compliance Notice from Nasdaq on July 17, 2025, confirming it has met the minimum bid price requirement [1]. - Previously, on April 7, 2025, Nasdaq notified the company that it was not in compliance as its share price was below $1.00 for 30 consecutive business days [2]. - The company’s ordinary shares closed at $1.00 or greater from July 2, 2025, to July 16, 2025, leading to the closure of the compliance matter [3]. Group 2: Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform and a digital insurance brokerage in Greater Southeast Asia, including Singapore, Hong Kong, Taiwan, and the Philippines [4]. - The company has a diverse brand portfolio, including B2C platforms such as MoneyHero, SingSaver, Money101, Moneymax, and Seedly, as well as a B2B platform named Creatory [4]. - As of March 31, 2025, MoneyHero had over 260 commercial partner relationships and approximately 5.7 million Monthly Unique Users across its platforms [4].