GreenPro Capital Regains Compliance With Nasdaq Listing Standards

Benzinga·12/10/2024 16:02:22

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Greenpro Capital Corp. (NASDAQ:GRNQ) a multinational financial services company with a current market capitalization of $7.65 million, announced today that is has regained compliance with Nasdaq's Listing Rule 5550(a)(2), which requires a minimum bid of price of $1.00 per share. The news follows a recent communication from the Nasdaq Listings Qualifications Staff confirming the company's adherence to the rule.

CEO and Co-Founder Dr. CK Lee, expressed confidence that the company had resolved its compliance challenges, stating, "We are now in full compliance with Nasdaq continuing listing standards after receiving this most recent letter about bid price." He added that the company looks forward to a long tenure on the Nasdaq exchange. "We are confident that our development in the digital finance space will create long term value to the company and our shareholders," he added.

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