Meiwu Technology Company Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
April 21 2025 - 4:15PM
Meiwu Technology Company Limited (“WNW” or the “Company”), (NASDAQ:
WNW) announced today that it received a formal notification from
the Nasdaq Stock Market LLC (“Nasdaq”) that the Company has
regained compliance with Nasdaq Listing Rule 5550(a)(2), which
requires the Company’s ordinary shares, no par value each (the
“Ordinary Shares”) to maintain a minimum bid price of $1.00 per
share.
The Nasdaq staff made this determination of
compliance after the closing bid price of the Company’s Ordinary
Shares has been at $1.00 per share or greater for the last 10
consecutive business days from April 1, 2025, to April 14, 2025.
Accordingly, the Company has regained compliance with Nasdaq
Listing Rule 5550(a)(2) and this bid price deficiency matter is now
closed.
About Meiwu Technology Company
Limited
Meiwu Technology Company Limited is a British
Virgin Islands company incorporated on December 4, 2018. Meiwu
implemented a strategic transition of its business from online
sales of selected high-quality food products and short message
service to the skincare industry, and currently engages in the sale
of the functional skincare products through Xiamen Chunshang Health
Technology Co., Ltd. (“Chunshang Xiamen”), an indirect wholly owned
subsidiary of Meiwu in China.
Safe Harbor Statement
Certain statements made in this release are
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, are: the ability to manage growth; ability
to identify and integrate other future acquisitions; ability to
obtain additional financing in the future to fund capital
expenditures; fluctuations in general economic and business
conditions; costs or other factors adversely affecting our
profitability; litigation involving patents, intellectual property,
and other matters; potential changes in the legislative and
regulatory environment; a pandemic or epidemic. The forward-looking
statements contained in this release are also subject to other
risks and uncertainties, including those more fully described in
the Company’s filings with the Securities and Exchange Commission,
which are available for review at www.sec.gov. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. Such
information speaks only as of the date of this release.
ContactMeiwu Technology
Company LimitedZhichao YangEmail: meiwuBS@usmeiwu.com
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