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Posted On: 02/18/2022 2:08:32 PM
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NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) Regains Compliance with Nasdaq Bid Price Rule
Kaival Brands (NASDAQ: KAVL) is the exclusive global distributor of all products manufactured by Bidi Vapor LLC, including the BIDI(R) Stick disposable electronic nicotine delivery system (“ENDS”), intended exclusively for adults 21 and over. Kaival Brands today announced its receipt of a letter dated Feb. 17, 2022, from The Nasdaq Stock Market LLC notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The letter noted that the company’s common stock had a closing bid price of at least $1.00 for a minimum of ten consecutive trading days from Feb. 3 through 16, 2022, and the company has regained compliance with the Bid Price Rule. Accordingly, Nasdaq considers the matter closed.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Kaival Brands (NASDAQ: KAVL) is the exclusive global distributor of all products manufactured by Bidi Vapor LLC, including the BIDI(R) Stick disposable electronic nicotine delivery system (“ENDS”), intended exclusively for adults 21 and over. Kaival Brands today announced its receipt of a letter dated Feb. 17, 2022, from The Nasdaq Stock Market LLC notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The letter noted that the company’s common stock had a closing bid price of at least $1.00 for a minimum of ten consecutive trading days from Feb. 3 through 16, 2022, and the company has regained compliance with the Bid Price Rule. Accordingly, Nasdaq considers the matter closed.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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