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China Liberal Education Gets Nasdaq Noncompliance Notice on Minimum Bid Price
2024-08-24 04:55
04:55 PM EDT, 08/23/2024 (MT Newswires) -- China Liberal Education Holdings (CLEU) said Friday it has received a notification letter from Nasdaq stating that it's not in compliance with the stock exchange's minimum bid price requirement.
The notification doesn't impact its listing on Nasdaq at this time, the company said, adding it has been given until Feb. 17, 2025, to regain compliance.
China Liberal said that to regain compliance, its shares must have a closing bid price of at least $1 for at least 10 consecutive business days.
The company said it may implement options including a reverse stock split to regain compliance with the requirement.
Price: 0.2436, Change: +0.01, Percent Change: +2.35
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