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Posted On: 02/22/2024 5:25:50 PM
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NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company with a custom-developed, industry-leading Fr8App freight-matching platform offering a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company previously announced its receipt, in August 2023, of written notification from the Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market per Listing Rule 5550(a)(2) because the closing bid price for the company’s ordinary shares had fallen below $1.00 per share for 30 consecutive business days. On Feb. 20, 2024, Fr8Tech received notification that Nasdaq staff had determined that for the last 10 consecutive business days, from Feb. 5 through Feb. 16, 2024, the closing bid price of the company’s ordinary shares had been at $1.00 per share or greater. Accordingly, the company has regained compliance with Nasdaq’s minimum bid price listing rule, and the matter is now closed.
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://nnw.fm/FRGT
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company with a custom-developed, industry-leading Fr8App freight-matching platform offering a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company previously announced its receipt, in August 2023, of written notification from the Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market per Listing Rule 5550(a)(2) because the closing bid price for the company’s ordinary shares had fallen below $1.00 per share for 30 consecutive business days. On Feb. 20, 2024, Fr8Tech received notification that Nasdaq staff had determined that for the last 10 consecutive business days, from Feb. 5 through Feb. 16, 2024, the closing bid price of the company’s ordinary shares had been at $1.00 per share or greater. Accordingly, the company has regained compliance with Nasdaq’s minimum bid price listing rule, and the matter is now closed.
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://nnw.fm/FRGT
Please see full terms of use and 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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