AirNet Regains Compliance with Nasdaq Minimum Bid Price Requirement

Core Points - AirNet Technology Inc. has regained compliance with Nasdaq's minimum bid price requirement as of March 13, 2024 [1][2] - The company was previously notified of non-compliance on November 27, 2023, due to a closing bid price below $1.00 per American depositary share (ADS) for 30 consecutive business days [2] - The compliance period allowed by Nasdaq was 180 calendar days, ending on May 28, 2024 [2] Compliance Details - Nasdaq confirmed that for the last 10 consecutive business days, from February 28 to March 12, 2024, the closing bid price of the company's ADSs was at or above$1.00 [2] - This compliance restores the company’s standing under Rule 5550(a)(2) of the Nasdaq Listing Rules [1][2]