Abits Group Receives NASDAQ Notification Regarding Minimum Bid Price Requirements

Core Points - Abits Group Inc has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement due to its ordinary shares closing below $1.00 for 30 consecutive business days [1] - The company has a compliance period of 180 calendar days, until October 9, 2024, to regain compliance by having its share price at least$1.00 for a minimum of 10 consecutive business days [2] - If compliance is not achieved by the deadline, the company may be eligible for an additional 180-day grace period [2] Company Overview - Abits Group Inc is organized in the British Virgin Islands and operates in the United States, specifically in Tennessee, through its wholly owned subsidiary ABIT USA, Inc. The company also has operations in Beijing and Hong Kong, China [3]