Solidion Technology Inc receives NASDAQ notice regaining compliance of Minimum Market Value of Publicly held shares and listed securities deficiency
Both of these matters are now closed
DALLAS, Feb. 4, 2025 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI), an advanced battery technology solutions provider, previously disclosed in a Current Report on Form 8-K filed on September 3, 2024, the Company received written notice from Nasdaq that (i) it was not in compliance with Nasdaq Listing Rule 5450(b)(2)(C), which requires the Company’s listed securities to maintain a minimum market value of publicly held shares of $15 million (the “MVPHS Rule”), and (ii) the Company’s minimum market value of listed securities (“MVLS”) was less than $50 million, which did not meet the requirement for continued listing on The Nasdaq Global Market, as required by Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”).
On January 30, 2025, the Company received a letter from the Staff notifying the Company that it had regained compliance with the MVPHS Rule and the MVLS Rule and that both matters are now closed.
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Solidion Technology Inc receives NASDAQ notice regaining compliance of Minimum Market Value of Publicly held shares and listed securities deficiency, source
