Shenzhen, China, Might 16, 2022 (GLOBE NEWSWIRE) — Meiwu Know-how Firm Restricted (“WNW” or the “Firm”), (NASDAQ: WNW) introduced as we speak that on Might 13, 2022, the Firm acquired a notification letter from the Nasdaq Itemizing {Qualifications} Workers of The NASDAQ Inventory Market LLC (“Nasdaq”) notifying the Firm that the minimal bid value per share for its unusual shares has been beneath $1.00 for a interval of 30 consecutive enterprise days and the Firm subsequently now not meets the minimal bid value necessities set forth in Nasdaq Itemizing Rule 5550(a)(2).
The notification acquired has no rapid impact on the itemizing of the Firm’s unusual shares on Nasdaq. Underneath the Nasdaq Itemizing Guidelines, the Firm has till November 9, 2022, to regain compliance. If at any time throughout such 180-day interval the closing bid value of the Firm’s unusual shares is no less than $1 for no less than 10 consecutive enterprise days, Nasdaq will present the Firm written affirmation of compliance.
If the Firm doesn’t regain compliance throughout such 180-day interval, the Firm could also be eligible for a further 180 calendar days, offered that the Firm meets the continued itemizing requirement for market worth of publicly held shares and all different preliminary itemizing requirements for Nasdaq apart from Nasdaq Itemizing Rule 5550(a)(2), and supply a written discover of its intention to remedy this deficiency through the second compliance interval, by effecting a reverse inventory break up, if obligatory.
About Meiwu Know-how Firm Restricted
Meiwu Know-how Firm Restricted is a British Virgin Islands firm included on December 4, 2018, and conduct our enterprise in China by means of our subsidiaries and variable curiosity entity, Wunong Know-how (Shenzhen) Co., Ltd. At the moment we conduct our enterprise by means of our on-line retail retailer on the web site www.wnw108.com. Optimizing the Web site and real-time knowledge, we’re in a position to answer and match provide with demand for meals merchandise consistent with shopper traits.
Secure Harbor Assertion
Sure statements made on this launch are “ahead wanting statements” inside the that means of the “protected harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “might,” “will,” “ought to,” “future,” “suggest” and variations of those phrases or comparable expressions (or the unfavourable variations of such phrases or expressions) are meant to establish forward-looking statements. These forward-looking statements will not be ensures of future efficiency, situations or outcomes, and contain various recognized and unknown dangers, uncertainties, assumptions and different vital elements, lots of that are exterior the Firm’s management, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Necessary elements, amongst others, are: the power to handle progress; capacity to establish and combine different future acquisitions; capacity to acquire further financing sooner or later to fund capital expenditures; fluctuations generally financial and enterprise situations; prices or different elements adversely affecting our profitability; litigation involving patents, mental property, and different issues; potential modifications within the legislative and regulatory surroundings; a pandemic or epidemic. The forward-looking statements contained on this launch are additionally topic to different dangers and uncertainties, together with these extra totally described within the Firm’s filings with the Securities and Alternate Fee, which can be found for overview at www.sec.gov. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as required by relevant legislation. Such data speaks solely as of the date of this launch.
Contact
Meiwu Know-how Firm Restricted
Xiaoyu Li
Electronic mail: [email protected]
