02/20/2025 | Press release | Distributed by Public on 02/20/2025 15:00
Notice of transfer to the Nasdaq Capital Market
Anghami Inc. (the "Company") today announced that it has received approval from The Nasdaq Stock Market LLC ("Nasdaq") to transfer the listing of its securities from the Nasdaq Global Market to the Nasdaq Capital Market. The Company's ordinary shares and publicly traded warrants will continue to trade under the symbols "ANGH" and "ANGHW", respectively. The transfer of the Company's listing to the Nasdaq Capital Market is not expected to affect the trading in the Company's securities. This transfer is expected to take effect as of the opening of trading on February 21, 2025.
As previously disclosed, the Company received notifications from Nasdaq indicating that the Company had failed to comply with the $1 bid price requirement for its ordinary shares for continued listing on the Nasdaq Global Market. In connection with the transfer of its listing to Nasdaq Capital Market, the Company will receive an extension of the deadline to regain compliance with Nasdaq's $1 bid price requirement for its ordinary shares until August 18, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
| ANGHAMI INC. | ||
| Date: February 20, 2025 | By: | /s/ Elias Habib |
| Name: | Elias Habib | |
| Title: | Chief Executive Officer | |