ETAO Announces Receipt of a Deficiency Notice from Nasdaq
–News Direct–
New York, NY, May 3rd, 2024 – (500NewsWire) — ETAO International Co., Ltd. (NASDAQ:ETAO) (ETAO or the Company), a digital healthcare company providing medical care services, announced today that received a deficiency notice from Nasdaq that the Company is not in compliance with the $2,500,000 minimum stockholders equity listing requirement set forth in Rule 5550(b)(1) because its Form 6-K for the period ended June 30, 2023 filed with the SEC on March 8, 2024, reported stockholders equity of $1,532,492. Additionally, as of the date of this Report, the Company does not meet the alternative Nasdaq continued listing standards under Nasdaq Listing Rules.
The Nasdaq Hearings Panel (the Panel) will consider this matter in their decision regarding the Companys continued listing o...