Chanson International Holding Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
13 Março 2025 - 9:00AM
Chanson International Holding (NASDAQ: CHSN) (the “Company” or
“Chanson”), a provider of bakery, seasonal, and beverage products
through its chain stores in China and the United States, today
announced that on March 10, 2025, the Company received a letter
from the Listing Qualifications Department of The Nasdaq Stock
Market LLC (“Nasdaq”) notifying the Company that, based on the
closing bid price of its Class A ordinary shares over the past 30
consecutive business days, the Company no longer meets the
continued listing requirement of Nasdaq under Nasdaq Listing Rules
5550(a)(2) to maintain a minimum bid price of $1 per share.
The notification has no immediate effect on the
listing or trading of the Company’s Class A ordinary shares on
Nasdaq. Nasdaq has provided the Company with a 180 calendar days
compliance period, or until September 8, 2025, in which to regain
compliance with Nasdaq continued listing requirement. In the event
that the Company does not regain compliance in the compliance
period, the Company may be eligible for an additional 180 calendar
days, should the Company meet the continued listing requirement for
market value of publicly held shares and all other initial listing
standards for The Nasdaq Capital Market, with the exception of the
bid price requirement, and is able to provide written notice of its
intention to cure the deficiency during the second compliance
period, by effecting a reverse stock split, if necessary. However,
if it appears that the Company will not be able to cure the
deficiency, or if the Company is otherwise not eligible, Nasdaq
will provide notice that the Company’s securities will be subject
to delisting.
The Company is currently evaluating options to
regain compliance and intends to timely regain compliance with
Nasdaq’s continued listing requirement. Although the Company will
use all reasonable efforts to achieve compliance with Rule
5550(a)(2), there can be no assurance that the Company will be able
to regain compliance with that rule or will otherwise be in
compliance with other Nasdaq continued listing requirement.
About Chanson International
Holding
Founded in 2009, Chanson International Holding
is a provider of bakery, seasonal, and beverage products through
its chain stores in China and the United States. Headquartered in
Urumqi, China, Chanson directly operates stores in Xinjiang, China
and New York, United States. Chanson currently manages 46 stores in
China, and three stores in New York City while selling on digital
platforms and third-party online food ordering platforms. Chanson
offers not only packaged bakery products but also made-in-store
pastries and eat-in services, serving freshly prepared bakery
products and extensive beverage products. Chanson aims to make
healthy, nutritious, and ready-to-eat food through advanced
facilities based on in-depth industry research, while creating a
comfortable and distinguishable store environment for customers.
Chanson’s dedicated and highly-experienced product development
teams constantly create new products that reflect market trends to
meet customer demand. For more information, please visit the
Company’s website: http://ir.chanson-international.net/.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can find many (but not all) of these statements by
the use of words such as “approximates,” “believes,” “hopes,”
“expects,” “anticipates,” “estimates,” “projects,” “intends,”
“plans,” “will,” “would,” “should,” “could,” “may” or other similar
expressions. The Company undertakes no obligation to update or
revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the SEC.
For investor and media inquiries, please
contact:
Chanson International HoldingInvestor Relations
DepartmentEmail: IR@chansoninternational.com
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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