BEIJING, July 19,
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, today announced
that it has received a written notification (the "Notification
Letter") on July 15, 2024, from the
Listings Qualifications Department of The Nasdaq Stock Market LLC
("Nasdaq"). The Notification Letter advised that for the last 30
consecutive business the minimum closing bid price per share for
the Company's ordinary shares was below the $1.00 per share requirement for continued listing
under Nasdaq Listing Rule 5550(a)(2).
The Nasdaq notification letter has no current effect on the
listing or trading of the Company's securities on Nasdaq.
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company
is provided with a compliance period of 180 calendar days, or until
January 13, 2025, to regain compliance under the Nasdaq Listing
Rules. If at any time during this compliance period, the closing
bid price of the Company's ordinary shares is US$1.00 per share or
higher for a minimum of ten consecutive business days, Nasdaq will
provide the Company written confirmation of compliance and the
matter will be closed.
In the event the Company does not regain compliance by
January 13, 2025, it may be eligible
for an additional 180 calendar day period to regain compliance.
The Company intends to actively monitor the bid price for its
shares and will evaluate available options to regain compliance
with the continued listing requirements.
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.