Smart Logistics Global Limited announced it received a Nasdaq notification for not meeting the minimum bid price requirement, as its shares closed below $1.00 for 30 consecutive business days. The company has 180 days, until October 28, 2026, to raise its share price above $1.00 for at least 10 consecutive days to regain compliance. The shares will continue trading on Nasdaq during this period, but the company faces uncertainty if it cannot meet the requirement. Smart Logistics is actively monitoring the situation and exploring options to comply within the deadline.
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