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Luokung Announces Receipt of Nasdaq Delisting Notice Subject to Hearing
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Luokung Technology Corp. received a delisting notice from Nasdaq due to non-compliance with listing rules, specifically regarding stockholders' equity. The company reported a negative equity of over $63 million and failed to provide a definitive compliance plan. Luokung has until February 18, 2025, to appeal the delisting decision, which, if not done, will result in the suspension of its shares on February 20, 2025. The company is exploring options to regain compliance with Nasdaq's requirements.
Source: Reuters The copyright of this article belongs to the original author/organization.
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