NetworkNewsBreaks – Freight Technologies Inc. (N
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Posted On: 04/13/2023 4:13:20 PM
NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Receives NASDAQ Notification, Has Regained Compliance
Freight Technologies (NASDAQ: FRGT), a technology company developing solutions to optimize and automate the supply chain process, has regained compliance with NASDAQ listing requirement. The company received written notification in October 2022 that it no longer complied with NASDAQ’s minimum bid price requirement for continued listing on the Nasdaq Capital Market; the reason for the notification was the company’s closing bid price ordinary shares had fallen below $1 per share for 30 consecutive business days. According to NASDAQ guidelines, Freight Technologies had 180 calendar days to comply with the regulations, which it did by implementing a 10:1 reverse split of its ordinary shares, which began trading on a split adjusted basis last month. On April 11, 2023, the company received notification from the NASDAQ Stock Market that the closing bid price of FRGT ordinary shares had been at $1 per share or greater for the last 11 consecutive business days. Freight Technologies offers Fr8App, a platform for B2B cross-border shipping in the USMCA region; Fr8now, a platform for LTL shipping services in Mexico; and Fr8Fleet for dedicated capacity to enterprise companies in Mexico.
Please see full 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), a technology company developing solutions to optimize and automate the supply chain process, has regained compliance with NASDAQ listing requirement. The company received written notification in October 2022 that it no longer complied with NASDAQ’s minimum bid price requirement for continued listing on the Nasdaq Capital Market; the reason for the notification was the company’s closing bid price ordinary shares had fallen below $1 per share for 30 consecutive business days. According to NASDAQ guidelines, Freight Technologies had 180 calendar days to comply with the regulations, which it did by implementing a 10:1 reverse split of its ordinary shares, which began trading on a split adjusted basis last month. On April 11, 2023, the company received notification from the NASDAQ Stock Market that the closing bid price of FRGT ordinary shares had been at $1 per share or greater for the last 11 consecutive business days. Freight Technologies offers Fr8App, a platform for B2B cross-border shipping in the USMCA region; Fr8now, a platform for LTL shipping services in Mexico; and Fr8Fleet for dedicated capacity to enterprise companies in Mexico.
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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