2023-03-24 16:33:05 HEPS Hepsiburada
03/24/23 03/2416:33 03/24/2316:33 | Hepsiburada receives Nasdaq notification over minimum bid priceHepsiburada announced that on March 22, 2023 it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that the bid price for the company's American depositary shares, each representing one Class B ordinary share of the company, had closed below the minimum bid price requirement of $1.00 per share under the Nasdaq Listing Rules. Based on the closing bid price of the company's ADSs for the last 30 consecutive business days, the company has failed to meet the Minimum Bid Requirement for continued listing on the Nasdaq Global Select Market set forth in Listing Rule 5450(a)(1) during that period. The Notice is only a notification that the company is not in compliance with the Minimum Bid Requirement, it is not a notice of imminent delisting, and it has no immediate effect on the listing or trading of the company's ADSs on the Nasdaq Global Select Market. |
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