Real Messenger Clears Nasdaq Equity Listing Requirement
Nasdaq staff found the company compliant after reviewing its June filing and supplemental information submitted in October.
Key takeaways
- Nasdaq staff determined Real Messenger complies with its stockholders’ equity listing rule.
- The company said it will continue monitoring its compliance with Nasdaq listing requirements.
Real Messenger said Nasdaq staff determined the company complies with the exchange’s minimum stockholders’ equity requirement. The company received the decision in a letter dated October 6.
The determination was based on Real Messenger’s Form 6-K dated June 10 and supplemental information submitted October 2, the company said.
Nasdaq had notified Real Messenger on April 6 that it did not meet the requirement, which calls for at least US$2.5 million in stockholders’ equity. The staff had warned that failure to evidence compliance with interim financial statements for the period ended September 30 could lead to delisting.
The company said it will continue monitoring its compliance with Nasdaq’s listing requirements. It added that there is no assurance it will continue to meet the equity requirement or other listing standards.
This article was produced with the help of AI technology. Source: Yahoo Finance
