06/16/2025 | Press release | Distributed by Public on 06/16/2025 04:01
Item 8.01 Other Events.
As previously reported, on April 14, 2025, on April 11, 2025, Greenpro Capital Corp. (the "Company") received a letter (the "Notice") from the staff (the "Staff") of the Listing Qualifications Department of the Nasdaq Stock Market LLC (the "NASDAQ") notifying the Company that that the closing bid price of the Company's common stock had been below $1.00 per share for the previous 30 consecutive business days, and that, as a result, the Company was not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). The Company was provided 180 calendar days, until October 8, 2025, to regain compliance.
On June 13, 2025, Staff notified the Company that it has determined that for the last 20 consecutive business days, from May 15, 2025 to June 12, 2025, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed