VS Media Holdings Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Requirement
05 Julio 2024 - 7:00AM
VS Media Holdings Limited (NASDAQ: VSME, the "Company"), a
leader in managing a global network of digital creators, today
announced the receipt of formal notice from The Nasdaq Stock Market
LLC ("Nasdaq") that the Company has regained compliance with the
minimum bid price requirement set forth in Nasdaq Listing Rule
5550(a)(2).
On July 3, 2024, NASDAQ provided confirmation that for 10
consecutive business days, from June 18, 2024, through July 2,
2024, the closing bid price of the Company’s common stock was at or
above $1.00. The Company has thus regained compliance with Nasdaq
Listing Rule 5550(a)(2) and NASDAQ considers the prior bid
deficiency matter now closed.
About VS Media
VS Media Holdings Limited (NASDAQ: VSME) manages
a network of leading digital creators across Asia Pacific that
powers content-driven social commerce and offers local and
effective marketing services to brands. Founded in 2013, VSME
partners with over 1,500 creators and over 1,000 brands to promote
and merchandise their products and services. The Company is
currently growing internationally across Hong Kong, China, Taiwan,
Singapore, and beyond. For more information,
visit https://www.vs-media.com.
Forward-Looking
Statements
Certain statements in this announcement are
forward-looking statements, including, for example, statements
about potential activity under share repurchase plan. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company's current expectations
and projections about future events that the Company believes may
affect its financial condition, results of operations, business
strategy and financial needs. These forward-looking statements are
also based on assumptions regarding the Company's present and
future business strategies and the environment in which the Company
will operate in the future. Investors can find many (but not all)
of these statements by the use of words such as "may," "will,"
"expect," "anticipate," "aim," "estimate," "intend," "plan,"
"believe," "likely to" or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
Contact information: VS Media Holdings
Limited ir@vs-media.com
VS Media (NASDAQ:VSME)
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