ZW Data Action Technologies Inc recently disclosed that it has received a deficiency notice from Nasdaq, due to the company’s common stock closing bid price being below the minimum requirement of $1 per share for 30 consecutive trading days.

According to Nasdaq listing rules, if a listed company's share price fails to meet the minimum bid price requirement for a prolonged period, it will face the risk of delisting. However, the rules also grant enterprises a 180-calendar-day grace period, during which, if the share price returns to above one dollar for ten consecutive trading days, compliance will be restored.Currently, ChinaNet Online Holdings stated that it will actively monitor the stock price trend and evaluate feasible solutions to regain compliance with Nasdaq's continued listing standards. The company emphasized that this notice does not affect its normal trading eligibility on the Nasdaq market for the time being.