Antelope Enterprise Holdings Limited faces minimum bid price deficiency on Nasdaq, considering reverse split

From GlobeNewswire: 2024-11-06 16:30:00

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) corrects information regarding the minimum bid price deficiency for its Class A ordinary shares. The company has 180 days until April 30, 2025, to regain compliance with the Bid Price Rule after receiving a deficiency letter from Nasdaq on November 1, 2024. If the bid price closes at $1.00 or more for 10 consecutive business days, compliance will be achieved. Failure to comply by April 30, 2025, may result in delisting. The company may consider a reverse stock split to regain compliance. For more information, visit https://aehltd.com.

Antelope Enterprise Holdings Limited, a provider of electricity through natural gas power generation and owner of KylinCloud in China, faces a minimum bid price deficiency for its Class A ordinary shares on Nasdaq. The company received a deficiency letter on November 1, 2024, stating its shares closed below the $1.00 requirement for continued listing. Antelope Enterprise has until April 30, 2025, to regain compliance with the Bid Price Rule or face possible delisting. Options to regain compliance may include a reverse stock split. Contact CFO Edmund Hen for more information at [email protected] or Investor Relations at [email protected].



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