Shenzhen, China, Might 16, 2022 (Globe NEWSWIRE) — Meiwu Technology Firm Limited (“WNW” or the “Company”), (NASDAQ: WNW) announced these days that on May perhaps 13, 2022, the Company been given a notification letter from the Nasdaq Listing Qualifications Team of The NASDAQ Stock Industry LLC (“Nasdaq”) notifying the Corporation that the minimum bid value per share for its ordinary shares has been beneath $1.00 for a period of time of 30 consecutive business days and the Firm hence no extended fulfills the minimal bid value specifications set forth in Nasdaq Listing Rule 5550(a)(2).
The notification gained has no quick influence on the listing of the Company’s standard shares on Nasdaq. Less than the Nasdaq Listing Principles, the Business has right up until November 9, 2022, to regain compliance. If at any time through these 180-day period of time the closing bid value of the Company’s everyday shares is at minimum $1 for a bare minimum of 10 consecutive business times, Nasdaq will present the Firm prepared affirmation of compliance.
If the Organization does not get back compliance for the duration of these kinds of 180-working day time period, the Firm may be suitable for an supplemental 180 calendar days, presented that the Firm fulfills the ongoing listing requirement for current market worth of publicly held shares and all other original listing criteria for Nasdaq apart from for Nasdaq Listing Rule 5550(a)(2), and deliver a prepared discover of its intention to heal this deficiency for the duration of the second compliance interval, by effecting a reverse inventory split, if essential.
About Meiwu Engineering Firm Constrained
Meiwu Engineering Organization Restricted is a British Virgin Islands firm included on December 4, 2018, and perform our company in China through our subsidiaries and variable interest entity, Wunong Technology (Shenzhen) Co., Ltd. Currently we conduct our business enterprise by way of our on the internet retail retail outlet on the web-site www.wnw108.com. Optimizing the Web site and actual-time knowledge, we are in a position to reply to and match offer with desire for foodstuff goods in keeping with customer developments.
Risk-free Harbor Statement
Certain statements produced in this launch are “forward wanting statements” inside the which means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. When applied in this press release, the text “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variants of these phrases or very similar expressions (or the damaging variations of these kinds of phrases or expressions) are supposed to recognize ahead-on the lookout statements. These forward-seeking statements are not ensures of upcoming performance, conditions or effects, and require a amount of identified and unknown hazards, uncertainties, assumptions and other essential things, a lot of of which are outside the Company’s command, that could result in true effects or outcomes to differ materially from all those mentioned in the ahead-seeking statements. Essential aspects, amongst many others, are: the skill to handle advancement capacity to detect and integrate other foreseeable future acquisitions means to receive extra funding in the long term to fund money expenditures fluctuations in normal financial and business enterprise situations expenses or other factors adversely affecting our profitability litigation involving patents, intellectual house, and other issues opportunity improvements in the legislative and regulatory ecosystem a pandemic or epidemic. The forward-searching statements contained in this launch are also matter to other dangers and uncertainties, including people more entirely explained in the Company’s filings with the Securities and Exchange Commission, which are out there for evaluate at www.sec.gov. The Corporation undertakes no obligation to update or revise any forward-hunting statements, whether or not as a end result of new facts, long run functions or or else, other than as expected by applicable legislation. Such information and facts speaks only as of the date of this launch.
Make contact with
Meiwu Technological know-how Corporation Constrained
Xiaoyu Li
E-mail: [email protected]
