Mobile-health Network Solutions Delinquency Notification Letter From Nasdaq
SINGAPORE, Sept. 20, 2024 (GLOBE NEWSWIRE) — Cell-health Community Options (Nasdaq: MNDR) (“MaNaDr” or “the Firm”), a number one Asia-Pacific telehealth supplier, at this time introduced that it obtained a discover dated September 18, 2024, from the Listings {Qualifications} Division (the “Employees”) of The Nasdaq Inventory Market LLC (“Nasdaq”) notifying the Firm that the minimal bid value per share of its Class A bizarre shares (“Class A Atypical Shares”) was beneath $1.00 for a interval of 30 consecutive enterprise days and that the Firm didn’t meet the minimal bid value requirement set forth in Nasdaq Itemizing Rule 5550(a)(2) (the “Minimal Bid Value Rule”). The Nasdaq notification letter doesn’t end result within the fast delisting of the Firm’s Class A Atypical Shares, and the shares will proceed to commerce uninterrupted underneath the image “MNDR.”
Pursuant to Nasdaq Itemizing Rule 5810(c)(3)(A), the Firm has a compliance interval of 100 eighty (180) calendar days, or till March 17, 2025 (the “Compliance Interval”), to regain compliance with Nasdaq’s minimal bid value requirement. If at any time through the Compliance Interval, the closing bid value per share of the Firm’s Class A Atypical Shares is at the least $1.00 for no less than ten (10) consecutive enterprise days, Nasdaq will present the Firm a written affirmation of compliance, and the matter shall be closed.
Within the occasion the Firm doesn’t regain compliance by March 17, 2025, the Firm could also be eligible for a further 180 calendar day grace interval. To qualify, the Firm shall be required to fulfill the continued itemizing requirement for the market worth of publicly held shares and all different preliminary itemizing requirements for the Nasdaq Capital Market, except the bid value requirement, and might want to present written discover of its intention to remedy the deficiency through the second compliance interval, together with by effecting a reverse inventory cut up, if needed. If the Firm chooses to implement a reverse inventory cut up, it should full the cut up no later than ten (10) enterprise days previous to March 17, 2025, or the expiration of the second compliance interval if granted.
About Cell-health Community Options
Ranked #41 within the Monetary Instances 2024 itemizing of 500 Excessive-growth Asia-Pacific Firms, we’re the primary telehealth supplier from the Asia-Pacific area to be listed within the US. By way of our MaNaDr platform, we provide customized and dependable medical consideration to customers worldwide. Our platform permits our neighborhood of healthcare suppliers to have a broader attain to customers via digital clinics with none start-up prices and the power to hook up with a world community of peer-to-peer help teams and companions. Our vary of seamless and hassle-free telehealth options contains teleconsultation providers, prescription success and different customized providers equivalent to weight administration applications and gender-specific care. For extra info, please go to https://buyers.manadr.com/.
FORWARD-LOOKING STATEMENTS
Sure statements contained on this press launch about future expectations, plans and prospects, in addition to another statements concerning issues that aren’t historic info, could represent “forward-looking statements” throughout the which means of the Personal Securities Litigation Reform Act of 1995. These statements embody, however are usually not restricted to, statements referring to the anticipated buying and selling graduation and shutting dates. The phrases “anticipate,” “consider,” “proceed,” “might,” “estimate,” “anticipate,” “intend,” “could,” “plan,” “potential,” “predict,” “venture,” “ought to,” “goal,” “will,” “would” and related expressions are supposed to establish forward-looking statements, though not all forward-looking statements comprise these figuring out phrases. Ahead-looking statements are usually not ensures of future efficiency and contain dangers and uncertainties that will trigger the precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers together with, however not restricted to, the next: the Firm’s skill to execute our methods, handle development and keep our company tradition; the Firm’s future enterprise growth, monetary situations and outcomes of operations; expectations concerning demand for and market acceptance of our services; adjustments in expertise; financial situations; the expansion of the telehealth options trade in Singapore and the opposite worldwide markets the Firm plans to serve; repute and model; the affect of competitors and pricing; authorities rules; fluctuations on the whole financial and enterprise situations in Singapore and the worldwide markets the Firm plans to serve and assumptions underlying or associated to any of the foregoing and different dangers contained in reviews filed by the Firm with the SEC. For these causes, amongst others, buyers are cautioned to not place undue reliance upon any forward-looking statements on this press launch. Any forward-looking statements contained on this press launch converse solely as of the date hereof, and Cell-health Community Options particularly disclaims any obligation to replace any forward-looking assertion, whether or not because of new info, future occasions or in any other case, besides as required by regulation.
For media inquiries, please contact:
Cell-health Community Options Investor Relations Contact:
2 Enterprise Drive, #07-06/07 Imaginative and prescient Alternate
Singapore 608526
(+65) 6222 5223
E-mail: buyers@manadr.com
Investor Relations Inquiries:
Skyline Company Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Ground
New York, New York 10036
Workplace: (646) 893-5835
E-mail: information@skylineccg.com