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JE Cleantech Holdings Limited (NASDAQ:JCSE), a precision cleaning and cleantech equipment manufacturer, announced that on July 15, 2024, it received a letter (the "Exception Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"). The Exception Letter gave the Company a temporary exception to regain compliance with The Nasdaq Stock Market LLC's ("Nasdaq" or the "Exchange") Listing Rule 5550(a)(2) (the "Bid Price Rule").
The Exception Letter stated:
Accordingly, the Company is granted an exception until December 6, 2024, to effect the reverse stock split and thereafter regain compliance with the Bid Price Rule, subject to the milestones outlined below. In the event the Company fails to regain compliance with the Bid Price Rule by that date, its securities will be delisted.
Posted In: JCSE