RegulatoryNov 2, 2026, 08:02 AM
WiMi Hologram Cloud Receives Nasdaq Minimum Bid Price Warning
AI Summary
WiMi Hologram Cloud Inc. (WIMI) announced it received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's Class B Ordinary Shares have failed to maintain this price for 30 consecutive business days. While the notification has no immediate impact on trading, WIMI has 180 days, until April 28, 2027, to regain compliance. The company is exploring options, including a potential reverse stock split, to meet the requirement.
Key Highlights
- WiMi Hologram Cloud Inc. received a Nasdaq minimum bid price notification.
- The company has not met the $1.00 minimum bid price requirement for 30 consecutive business days.
- The notification has no immediate effect on the trading of its Class B Ordinary Shares.
- The company has 180 days, until April 28, 2027, to regain compliance.
- Potential options to regain compliance include a reverse stock split.
Price Impact
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