BEIJING, May 19, 2023
/PRNewswire/ -- AGM Group Holdings Inc. ("AGM Group " or the
"Company") (NASDAQ: AGMH), an integrated technology company
focusing on providing fintech software services and producing
high-performance hardware and computing equipment, today announced
that it received a notification letter dated May 17, 2023 (the "Notification Letter") from
Nasdaq notifying that the Company is not in compliance with the
requirements for continued listing set forth in Nasdaq Listing Rule
5250(c)(1) since the Company did not timely file its annual report
on Form 20-F for the fiscal year ended December 31, 2022 (the "2022
Form 20-F") with the Securities and Exchange Commission (the
"SEC").
The Notification Letter has no immediate effect on the listing
or trading of the Company's shares on Nasdaq. Pursuant to the
Nasdaq Listing Rules, the Company has 60 calendar days from the
date of the Notification Letter to submit a plan to regain
compliance with Nasdaq Listing Rules (the "Compliance Plan"). If
Nasdaq accepts the Compliance Plan, it may grant the Company an
extension of up to 180 calendar days or until November 13, 2023, to regain compliance.
AGM Group continues to work diligently to complete the Form 20-F
and file it with SEC as soon as reasonably practicable. The Company
expects to submit a plan to regain compliance or file its Form 20-F
within the timeline prescribed by Nasdaq.
This announcement is made in compliance with the Nasdaq Listing
Rule 5810(b), which requires prompt disclosure of receipt of a
notification of deficiency.
About AGM Group Holdings Inc.
Incorporated in April 2015 and
headquartered in Beijing, China,
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology
company focusing on providing fintech software services and
producing high-performance hardware and computing equipment. AGMH's
mission is to become one of the key participants and contributors
in the global fintech and blockchain ecosystem. For more
information, please visit www.agmprime.com.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update 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 actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
For more information, please contact:
In China:
At the Company:
Email: ir@agmprime.com
Seaquant Consulting
Ms. Kristy Li
Email: kristy@sea-quant.com
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SOURCE AGM Group Holdings Inc.
