{"id":701825,"date":"2022-10-27T08:20:49","date_gmt":"2022-10-27T12:20:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/"},"modified":"2022-10-27T08:20:49","modified_gmt":"2022-10-27T12:20:49","slug":"happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/","title":{"rendered":"Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">NANPING, <span class=\"xn-location\">China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 27, 2022<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Happiness Development Group Limited (&#8220;HAPP&#8221; or the &#8220;Company&#8221;), <b>(<\/b>NASDAQ: HAPP)\u00a0announced today that on <span class=\"xn-chron\">October 25, 2022<\/span>, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (&#8220;Nasdaq&#8221;) notifying the Company that it has regained compliance with the Nasdaq&#8217;s minimum bid price requirement and the matter is closed.<\/p>\n<p>On <span class=\"xn-chron\">November 11, 2021<\/span>, the Company was first notified by Nasdaq its failure to maintain a minimum bid price of <span class=\"xn-money\">$1.00<\/span> per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until May 10, 2022 to regain compliance. On May 11, 2022,\u00a0the Company received a written notification from the Nasdaq&#8217;s Listing Qualifications Department, granting the Company another 180 calendar days extension, or until November 7, 2022, to regain compliance with Nasdaq&#8217;s minimum bid price requirement.<\/p>\n<p>The letter from Nasdaq dated <span class=\"xn-chron\">October 25, 2022<\/span> noted that as of <span class=\"xn-chron\">October 24, 2022<\/span>, the Company evidenced a closing bid price of its Class A ordinary shares at or greater than the <span class=\"xn-money\">$1.00<\/span> per share minimum requirement for the last 10 consecutive business days, from <span class=\"xn-chron\">October 11, 2022<\/span> through <span class=\"xn-chron\">October 24, 2022<\/span>. Nasdaq stated that accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2).<\/p>\n<p>\n        <b>About Happiness Biotech Group Limited<\/b>\n      <\/p>\n<p>Headquartered in Nanping, <span class=\"xn-location\">China<\/span>, Happiness Biotech Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Over the past 17 years, we have established a product portfolio consisting of 23 PRC National Medical Products Administration registered &#8220;Blue-Cap&#8221; SKUs of nutraceutical and dietary supplements products. Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in <span class=\"xn-location\">China<\/span>. We also run our online stores which carries our products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in <span class=\"xn-location\">China<\/span>. Our mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Our automobile sales adopts the B2B business model and is committed to optimizing the auto supply chain by connecting car dealers on our online automobile sales platform and offering the overall services for purchasing automobiles. For more information, please visit:\u00a0<a href=\"http:\/\/www.happ.org.cn\/\" target=\"_blank\" rel=\"nofollow noopener\">www.happ.org.cn<\/a><\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>\n        <i>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#8220;may, &#8220;will, &#8220;intend,&#8221; &#8220;should,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;estimate&#8221; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#8217;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:\u00a0 the Company&#8217;s goals and strategies; the Company&#8217;s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in <span class=\"xn-location\">China<\/span>, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.\u00a0 For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#8217;s filings with the U.S. Securities and Exchange Commission, which are available for review at <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.<\/i>\n      <\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN15615&amp;sd=2022-10-27\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement-301660002.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement-301660002.html<\/a><\/p>\n<p>SOURCE  Happiness Development Group Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN15615&amp;Transmission_Id=202210270800PR_NEWS_USPR_____CN15615&amp;DateId=20221027\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NANPING, China, Oct. 27, 2022 \/PRNewswire\/ &#8212;\u00a0Happiness Development Group Limited (&#8220;HAPP&#8221; or the &#8220;Company&#8221;), (NASDAQ: HAPP)\u00a0announced today that on October 25, 2022, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (&#8220;Nasdaq&#8221;) notifying the Company that it has regained compliance with the Nasdaq&#8217;s minimum bid price requirement and the matter is closed. On November 11, 2021, the Company was first notified by Nasdaq its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until May 10, 2022 to regain compliance. On May 11, 2022,\u00a0the Company received a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-701825","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NANPING, China, Oct. 27, 2022 \/PRNewswire\/ &#8212;\u00a0Happiness Development Group Limited (&#8220;HAPP&#8221; or the &#8220;Company&#8221;), (NASDAQ: HAPP)\u00a0announced today that on October 25, 2022, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (&#8220;Nasdaq&#8221;) notifying the Company that it has regained compliance with the Nasdaq&#8217;s minimum bid price requirement and the matter is closed. On November 11, 2021, the Company was first notified by Nasdaq its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until May 10, 2022 to regain compliance. 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On November 11, 2021, the Company was first notified by Nasdaq its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until May 10, 2022 to regain compliance. On May 11, 2022,\u00a0the Company received a &hellip; Continue reading \"Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/","og_site_name":"Market Newsdesk","article_published_time":"2022-10-27T12:20:49+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN15615&amp;sd=2022-10-27","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement","datePublished":"2022-10-27T12:20:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/"},"wordCount":683,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN15615&amp;sd=2022-10-27","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/happiness-development-group-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/","name":"Happiness Development Group Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement - 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