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Nasdaq notifies MASK of intent to delist over $1.00 minimum bid price non-compliance
MASK3 E Network Technology Group Ltd
The Nasdaq Listing Qualifications Staff notified 3 E Network Technology Group Limited that it intends to delist the company's Class A ordinary shares from the Nasdaq Capital Market because the closing bid price remained below $1.00 per share for 30 consecutive business days ending October 26, 2026. The company is ineligible for a standard compliance period due to executing a one-for-twenty-five reverse split in March 2026. Management plans to appeal by requesting a hearing before an independent panel by November 3, 2026, which will allow shares to continue trading under the symbol MASK during the review process. The company is evaluating measures to regain compliance, including potential capital markets transactions or further share consolidations. 3 E Network Technology Group Limited operates as a B2B IT business solutions provider focused on AI infrastructure and data center services.