QualityStocksNewsBreaks – MICT Inc. (NASDAQ: MICT) Regains Compliance with Nasdaq Listing Requirements
MICT (NASDAQ: MICT), which recently acquired the operating business and assets of Tingo (OTC: TMNA) (“Tingo Mobile Limited” or “Tingo Mobile”), announced that it has received a bid price compliance letter from the Nasdaq Stock Market LLC. The letter informs MICT that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq. MICT was previously notified that it was not in compliance with the rule due to its common stock failing to meet the closing bid price of $1.00 or more for 30 consecutive business days. To regain compliance,…
