Core Points - ARB IOT Group Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share [1][2] - The company has a compliance period of 180 calendar days until December 23, 2024, to regain compliance [3] - If compliance is not achieved, the company may be eligible for an additional 180-day grace period under certain conditions [4] - The notification does not have an immediate effect on the trading of the company's shares, which will continue to trade on Nasdaq [5] Company Overview - ARB IOT Group Limited specializes in providing complete solutions for the integration of Internet of Things (IoT) systems and devices, covering the entire process from design to project deployment [6] - The company aims to become a leading player in the IoT landscape within the ASEAN region, offering a wide range of IoT systems and services [6]
ARB IOT Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency