Luokung Announces Receipt of Nasdaq Notices Regarding Periodic Filing Compliance and Stockholders’ Equity Deficiency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
0mins
Source: Globenewswire
Compliance with Nasdaq Requirements: Luokung Technology Corp. has regained compliance with Nasdaq's periodic filing requirements but is currently non-compliant with the minimum stockholders' equity requirement, reporting a deficit of over $63 million.
Plan Submission Deadline: The company has until December 9, 2024, to submit a plan to regain compliance, with the possibility of an extension if accepted; otherwise, they may appeal any adverse decision.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
