Big Tree Cloud Holdings Limited Has Received A Written Notice From The Listing Qualifications Staff Of Nasdaq On September 23, 2024, Notifying The Company That It Has Regained Compliance With The Minimum Market Value Of Publicly Held Shares

Author: Benzinga Newsdesk | September 25, 2024 08:29am

Big Tree Cloud Holdings Limited ("Big Tree Cloud" or the "Company") (NASDAQ:DSY) (NASDAQ:DSYWW), a company devoted to the development, production, and sales of personal care products and other consumer goods in China, today announced that it has received a written notice from the Listing Qualifications Staff of Nasdaq On September 23, 2024, notifying the Company that it has regained compliance with the minimum market value of publicly held shares ("MVPHS") requirement under Nasdaq Listing Rule 5450(b)(2)(C) (the "Rule"). Consequently, the Company is now in compliance with all applicable listing standards and its ordinary share will continue to be listed on The Nasdaq Global Market.

The Company was previously notified by Nasdaq on August 5, 2024 that it was not in compliance with the MVPHS requirement because its ordinary share had failed to maintain a MVPHS of $15,000,000 over the previous 30 consecutive trading days as required by the Nasdaq Global Market under the Rule. In order to regain compliance with the Rule, the Company was required to maintain a minimum MVPHS of $15,000,000 or more for at least 10 consecutive trading days. The staffs of Nasdaq Listing Qualifications Department of the Nasdaq Stock Market determined that the requirement was met on September 20, 2024.

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