Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, has received notification from NASDAQ that is has regained compliance with the market’s minimum bid price requirement. The company has been working since September to regain compliance, which it lost after failing to maintain a minimum closing bid price of at least $1 per share for 30 consecutive trading days. Those efforts included the company announcing a 1-for-20 share consolidation, effective Nov. 15, 2023. The Dec. 5, 2023, NASDAQ notice stated that the company “evidenced a closing bid price of its ordinary shares at or greater than $1 per share for at least 10 consecutive business days from Nov. 20 through Dec. 4, 2023. Accordingly, the company has regained compliance with NASDAQ Listing Rule 5550(a)(2), and NASDAQ considers the matter closed.”
To view the full press release, visit https://ibn.fm/v92kr
About Infobird Software Co. Ltd.
Infobird, headquartered in Hong Kong, is a software-as-a-service (“SaaS”) provider of innovative artificial intelligence (“AI”)-powered or AI-enabled customer-engagement solutions. For more information about the company, visit www.Infobird.com.
NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD
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