Luokung Technology Faces Nasdaq Delisting
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Luokung Technology Corp. (LKCO) has announced that the Nasdaq Hearings Panel has confirmed the decision to delist its ordinary shares from the Nasdaq Stock Market, effective March 31, 2025. This follows a notification on February 11, 2025, regarding non-compliance with Nasdaq Listing Rule 5550(b) and the failure to present a viable plan to meet listing requirements. The delisting could affect the company's market presence and investor confidence. Luokung operates in the technology sector, focusing on spatial-temporal big data processing and intelligent services, primarily in China.
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