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Malaysian Reserve
22-04-2025
- Business
- Malaysian Reserve
Charles & Colvard, Ltd. Announces Delisting from Nasdaq
RESEARCH TRIANGLE PARK, N.C., April 22, 2025 /PRNewswire/ — Charles & Colvard, Ltd. ('Charles & Colvard' or the 'Company'), announced that the Company received a staff determination letter from the Nasdaq Stock Market, LLC ('Nasdaq'), informing the Company that Nasdaq determined to suspend trading and delist the Company's common stock (the 'Common Stock') from Nasdaq because the Company is out of compliance with Listing Rule 5250(c)(1) for failure to timely file its Forms 10-Q for the quarters ended September 30 and December 31, 2024, unless the Company appeals this determination. The Company does not intend to request a hearing to appeal this determination. This decision was based on a careful review of numerous factors, including the potential for limiting the significant costs associated with remaining listed on Nasdaq and complying with Nasdaq listing standards. Nasdaq is expected to file a Form 25-NSE (Notification of Removal from Listing) with the Securities and Exchange Commission relating to the delisting of the Common Stock. Suspension of trading of the Common Stock will occur at the opening of business on April 25, 2025. Following the delisting, the Company expects that the Common Stock will be quoted on the OTC Experts Market. No assurances can be provided, however, that a trading market in the Common Stock in any over-the-counter market will be maintained. About Charles & Colvard, Ltd. Charles & Colvard, Ltd. (CTHR) believes that fine jewelry should be as ethical as it is exquisite. Charles & Colvard is the original creator of lab grown moissanite (a rare gemstone formed from silicon carbide). The Company brings revolutionary gems and fine jewelry to market by using exclusively Made, not Mined™ above ground gemstones and a dedication to 100% recycled precious metals. The Company's Forever One™ moissanite and Caydia® lab grown diamond brands provide exceptional quality, incredible value and a conscious approach to bridal, high fashion, and everyday jewelry. Charles & Colvard was founded in 1995 and is based in North Carolina's Research Triangle Park region. For more information, please visit Forward-Looking Statements This press release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as 'plan,' 'expect,' 'will,' 'working,' and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, the ability of the Company to continue its business. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission, including the risks and uncertainties described in more detail in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and subsequent reports filed with the SEC. For example, there can be no assurance that the Company will succeed in pursuing its strategic plan. Forward-looking statements speak only as of the date they are made. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation and you are urged to review and consider disclosures that we make in the reports that we file with the SEC that discuss other factors relevant to our business.
Yahoo
13-03-2025
- Business
- Yahoo
ConnectM receives Nasdaq delisting notification
ConnectM (CNTM) Technology Solutions announced that the company received a delisting notice from The Nasdaq Stock Market. On March 7, the company received another notice from Nasdaq stating that the company had not regained compliance with the Rule. Accordingly, its securities will be delisted from The Nasdaq Global Market. Unless the company requests an appeal of the determination before the Nasdaq Hearings Panel by March 14, trading of the company's common stock will be suspended at the opening of business on March 18, and a Form 25-NSE will be filed with the SEC, which will remove the company's securities from listing and registration on Nasdaq. The company intends to timely request an appeal before the Panel. The hearing request will stay the suspension of the company's securities and the filing of the Form 25-NSE pending the Panel's decision. Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CNTM: Questions or Comments about the article? Write to editor@ ConnectM reports continued strong momentum in its EV Solutions business ConnectM retires additional $1.9M of debt ConnectM Technology Solutions Boosts 2024 Growth in EV Sector ConnectM reports preliminary Q1 revenue $11.3M ConnectM reports 200% y-o-y revenue growth in EV solutions division Sign in to access your portfolio
Yahoo
11-03-2025
- Business
- Yahoo
Starbox Group Holdings Ltd. Receives Staff Determination Notice from Nasdaq and Plans to Appeal
KUALA LUMPUR, Malaysia, March 11, 2025 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) ("Starbox" or the "Company"), a service provider of cash rebates, advertising, and payment solutions with a goal of becoming a comprehensive artificial intelligence solutions provider in Southeast Asia, today announced that the Company received a staff determination notice (the 'Staff Determination Notice') from the Listings Qualifications Department of The Nasdaq Stock Market LLC ('Nasdaq') on March 7, 2025, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. Furthermore, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period, since the Company has effected two reverse stock splits over the prior one-year period,. The Company's securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on March 18, 2025, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission (the 'SEC'), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market (the 'Suspension'), unless the Company requests an appeal of such determination to Nasdaq's Hearings Panel (the "Panel"). Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of US$1.00 per share and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from January 21, 2025 to March 6, 2025, the Company no longer meets the minimum bid price requirement. Nasdaq Listing Rule 5810(c)(3)(A) specifies that if a Company's security fails to meet the continued listing requirement for minimum bid price and the Company has effected a reverse stock split over the prior one-year period or has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the Company shall not be eligible for any compliance period. In that regard, on October 31, 2024, the Company effected a 16 to 1 share consolidation. Subsequently, on March 3, 2025, the Company effected a 10 for 1 share consolidation, making the cumulative share consolidation ratio 160 to 1. As a result, the Company is not eligible for any compliance period. The Company's operations are not affected by the receipt of the Staff Determination Notice. The Company intends to timely appeal Nasdaq's determination to the Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company's hearing request will stay the Suspension and the filing of the Form 25-NSE pending the Panel's decision. About Starbox Group Holdings Ltd. Headquartered in Malaysia, Starbox is a technology-driven, rapidly growing company with innovation as its focus. Starbox is aiming to be a comprehensive technology solutions provider within Southeast Asia and also engages in building a cash rebate, advertising, and payment solution business ecosystem, targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company also provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company's website: Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'assesses,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. For more information, please contact: Starbox Group Holdings Relations DepartmentEmail: ir@ Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: investors@ in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Avinger, Inc. Executes Assignment for the Benefit of Creditors; Announces Receipt of Nasdaq Delisting Notice
SANTA CLARA, CALIFORNIA, Feb. 17, 2025 (GLOBE NEWSWIRE) -- On February 10, 2025, Avinger, Inc., a Delaware Corporation ('Avinger' or the 'Company'), entered into a general assignment for the benefit of creditors (the 'Assignment') in favor of Avinger (assignment for the benefit of creditors), LLC, a California limited liability company (the 'Assignee'). Pursuant to the Assignment, the Company transferred substantially all of the Company's assets to the Assignee for liquidation. The Assignee will, as appropriate, liquidate any such assets and rights, wind down the Company, and distribute any net proceeds to creditors of the Company. The Company designed, manufactured and sold image-guided catheter-based systems used by physicians to treat patients with peripheral artery disease. At a special meeting of stockholders held on February 5, 2025 (the 'Special Meeting'), the stockholders of the Company approved an assignment for the benefit of creditors followed by a voluntary dissolution and liquidation pursuant to a plan of dissolution. Effective February 10, 2025, the board of directors of the Company approved the Company's entrance into the Assignment. On February 11, 2015, the Company received a letter (the 'Letter') from The Nasdaq Stock Market LLC ('Nasdaq'), notifying the Company that, in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq staff has determined that the Company's securities will be delisted from Nasdaq. Trading of the Company's common stock was suspended at the opening of business on February 18, 2025, and a Form 25-NSE will be filed with the United States Securities and Exchange Commission to remove the Company's securities from listing and registration on Nasdaq. Nasdaq's determination was based, in part, on: (i) the Company's filing of a Current Report on Form 8-K on February 10, 2025 reporting on the results of the Special Meeting and associated public interest concerns raised by it; (ii) concerns regarding the residual equity interest of the existing listed securities holders; and (iii) concerns about the Company's ability to sustain compliance with all requirements for continued listing on Nasdaq. All inquiries should be directed to representatives of the Assignee, Avinger (assignment for the benefit of creditors), LLC. Please contact Andrew Kitirattagarn at akitirattragarn@ Forward-Looking Statements The matters described herein may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements contain information about the Company's expectations, beliefs, plans or intentions regarding its business plans, financial condition, and other similar matters. Statements preceded by, followed by or that otherwise include the words 'believes,' 'expects,' 'anticipates,' 'intends,' 'projects,' 'estimates,' 'plans,' 'hopes' and similar expressions or future or conditional verbs such as 'will,' 'should,' 'would,' 'may' and 'could' are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, and involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the Company, including, but not limited to, the expected completion, timing and effects of the Company's entrance into the Assignment and the suspension of trading on the Nasdaq Capital Market. Readers are cautioned not to place undue reliance on these forward-looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's filings with the SEC, which are available at the SEC's website ( The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
Luokung Announces Receipt of Nasdaq Delisting Notice Subject to Hearing
BEIJING, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ: LKCO) ('Luokung' or the 'Company') today announced that on February 11, 2025, it has received a letter (the 'Letter') from The Nasdaq Stock Market LLC ('Nasdaq'), notifying that the Company is not in compliance with Nasdaq Listing Rule 5550(b), and the Nasdaq staff has determined that the Company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. As a result, the Nasdaq staff has determined to deny the Company's request for continued listing on The Nasdaq Capital Market (the 'Delisting Determination'). As previously reported, on October 23, 2024, Nasdaq notified the Company that based on information reported in the Company's annual report on Form 20-F for the fiscal year ended December 31, 2023 (the '2023 20-F'), it no longer complied with the minimum stockholders' equity of $2.5 million for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1) while stockholders' equity for the year ended December 31, 2023 was reported as ($63,228,280), and the Company did not meet the alternatives of market value of listed securities or net income from continuing operations. The Company had 45 calendar days, or until December 9, 2024, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from October 23, 2024, or April 21, 2025, to evidence compliance. The Company submitted its compliance plan to Nasdaq staff on December 9, 2024. The Nasdaq staff issued the Letter after reviewing such plan. Based on the Letter, the Company was provided until February 18, 2025 to request an appeal of the Delisting Determination to the hearing panel. The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market. If the Company fails to appeal the Delisting Determination by February 18, 2025, trading of the Company's ordinary shares will be suspended at the opening of business on February 20, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market. The Company is considering all potential options available to it to regain compliance with the aforementioned rules. ABOUT LUOKUNG TECHNOLOGY CORP. Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: CONTACT: The Company:Mr. Jian ZhangChief Financial OfficerTel: +86-10-6506-5217Email: ir@ in to access your portfolio
