Luokung Technology Faces Nasdaq Delisting
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.
Luokung Technology ( (LKCO) ) has issued an announcement.
On March 27, 2025, Luokung Technology Corp. announced that the Nasdaq Hearings Panel affirmed the decision to delist the company’s ordinary shares from the Nasdaq Stock Market, effective March 31, 2025. This decision follows a previous notification on February 11, 2025, where the company was found non-compliant with Nasdaq Listing Rule 5550(b) and failed to present a viable plan to meet listing requirements. The delisting may impact Luokung’s market presence and investor confidence.
More about Luokung Technology
Luokung Technology Corp. operates in the technology sector, focusing on providing spatial-temporal big data processing and intelligent services. The company is known for its offerings in the fields of autonomous driving, smart transportation, and location-based services, primarily targeting the Chinese market.
YTD Price Performance: -15.47%
Average Trading Volume: 54,372
Technical Sentiment Signal: Buy
Current Market Cap: $10.52M
Learn more about LKCO stock on TipRanks’ Stock Analysis page.
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