BEIJING, May 22, 2024
/PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company")
(NASDAQ: AGMH), an integrated technology company focusing on
providing fintech software services and producing high-performance
hardware and computing equipment, announced today that it received
a notice of non-compliance (the "Notice") from Nasdaq Stock Market
LLC ("Nasdaq") on May 20, 2024,
stating that as a result of not having timely filed its annual
report on Form 20-F for the year ended December 31, 2023 (the "Annual Report"), the
Company is not in compliance with Nasdaq Listing Rule 5250(c)(1),
which requires timely filing of periodic financial reports with the
Securities and Exchange Commission. This Notice has no immediate
impact on the listing or trading of the Company's securities on
Nasdaq.
Pursuant to the Nasdaq Listing Rules, the Company has 60
calendar days from the date of the Notice to submit a plan to
regain compliance. If Nasdaq accepts the Compliance Plan, the
Company may be granted up to 180 calendar days from the due date of
the Annual Report or until November 11,
2024, to regain compliance.
The Company is fully committed to regaining compliance and
satisfying all of Nasdaq's listing requirements and working
diligently to file its Annual Report as soon as reasonably
practicable.
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 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
Website: http://www.agmprime.com
Seaquant Consulting
Ms. Kristy Li
Email: kristy@sea-quant.com
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SOURCE AGM Group Holdings Inc.
