Meiwu Technology Company Limited Received Nasdaq Notification Letter Regarding Bid Price Deficiency
08 Fevereiro 2023 - 10:00AM
Meiwu Technology Company Limited (“WNW” or the “Company”), (NASDAQ:
WNW) announced today that on February 7, 2023, the Company received
a notification letter from the Nasdaq Listing Qualifications Staff
of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company
that the minimum bid price per share for its ordinary shares has
been below $1.00 for a period of 30 consecutive business days and
the Company therefore no longer meets the minimum bid price
requirements set forth in Nasdaq Listing Rule 5550(a)(2).
The notification received has no immediate
effect on the listing of the Company’s ordinary shares on Nasdaq.
Under the Nasdaq Listing Rules, the Company has until August 7,
2023, to regain compliance. If at any time during such 180-day
period the closing bid price of the Company’s ordinary shares is at
least $1 for a minimum of 10 consecutive business days, Nasdaq will
provide the Company written confirmation of compliance.
If the Company does not regain compliance during
such 180-day period, the Company may be eligible for an additional
180 calendar days, provided that the Company meets the continued
listing requirement for market value of publicly held shares and
all other initial listing standards for Nasdaq except for Nasdaq
Listing Rule 5550(a)(2), and provide a written notice of its
intention to cure this deficiency during the second compliance
period, by effecting a reverse stock split, if necessary.
About Meiwu
Technology Company Limited
Meiwu Technology Company Limited is a British
Virgin Islands company incorporated on December 4, 2018, and
conduct our business in China through our subsidiaries and variable
interest entity, Wunong Technology (Shenzhen) Co., Ltd. Currently
we conduct our business through our online retail store on the
website www.wnw108.com. Optimizing the Website and real-time data,
we are able to respond to and match supply with demand for food
products in keeping with consumer trends.
Safe Harbor Statement
Certain statements made in this release are
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, are: the ability to manage growth; ability
to identify and integrate other future acquisitions; ability to
obtain additional financing in the future to fund capital
expenditures; fluctuations in general economic and business
conditions; costs or other factors adversely affecting our
profitability; litigation involving patents, intellectual property,
and other matters; potential changes in the legislative and
regulatory environment; a pandemic or epidemic. The forward-looking
statements contained in this release are also subject to other
risks and uncertainties, including those more fully described in
the Company’s filings with the Securities and Exchange Commission,
which are available for review at www.sec.gov. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. Such
information speaks only as of the date of this release.
ContactMeiwu
Technology Company LimitedXinliang ZhangEmail:
meiwuBS@usmeiwu.com
Meiwu Technology (NASDAQ:WNW)
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