Core Viewpoint - Pop Culture Group Co., Ltd has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market [1][2]. Group 1: Compliance Notification - The notification letter indicates that the company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of US1.00 for a minimum of 10 consecutive business days [3]. Group 2: Business Operations - The receipt of the notification letter does not impact the company's business operations [4]. - The company plans to monitor its Class A ordinary shares' closing bid price and may consider options such as a reverse share split to regain compliance [4]. Group 3: Company Overview - Pop Culture Group Co., Ltd is a hip-hop culture company based in Xiamen, China, focusing on promoting hip-hop culture and facilitating cultural exchanges between the U.S. and China [5]. - The company targets the younger generation and engages in hosting entertainment events, operating hip-hop-related online programs, and providing event planning and brand promotion services [5].
Pop Culture Group Co., Ltd Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency