Other Events ·
Nasdaq notifies Alset Inc. of non-compliance with the $1.00 minimum bid price requirement
AEIAlset Inc.
Alset Inc. received a notification from Nasdaq that its common stock no longer meets the Minimum Bid Price Requirement because the closing bid price was below $1.00 for 30 consecutive trading days. The company has until April 26, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Alset previously announced an intent to effect a reverse stock split of 1-for-5 and anticipates announcing the timing in the immediate future. The company operates in the investment management sector.