{"id":702516,"date":"2022-10-28T08:03:38","date_gmt":"2022-10-28T12:03:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/meiwu-technology-company-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/"},"modified":"2022-10-28T08:03:38","modified_gmt":"2022-10-28T12:03:38","slug":"meiwu-technology-company-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/meiwu-technology-company-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/","title":{"rendered":"Meiwu Technology Company Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Shenzhen, China, Oct.  28, 2022  (GLOBE NEWSWIRE) &#8212; Meiwu Technology Company Limited (\u201cWNW\u201d or the \u201cCompany\u201d), (NASDAQ: WNW) announced today that on October 25, 2022, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (\u201cNasdaq\u201d) 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 align=\"justify\">On May 13, 2022, 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 November 9, 2022 to regain compliance.<\/p>\n<p align=\"justify\">The letter from Nasdaq dated October 25, 2022 noted that as of October 24, 2022, the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from October 11, 2022 through October 24, 2022. Nasdaq stated that accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2).<\/p>\n<p align=\"justify\">\n        <strong>About <\/strong><br \/>\n        <strong>Meiwu<\/strong><br \/>\n        <strong> Technology Company Limited<\/strong><br \/>\n        <br \/>Meiwu Technology Company Limited is a British Virgin Islands company incorporated on December 4, 2018, and conduct our business in China through our subsidiaries and variable interest entity, Wunong Technology (Shenzhen) Co., Ltd. Currently we conduct our business through our online retail store on the website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LiXsMx6Emdrv544ZuIRVXtIMq--pHNXAcEYdRI12WDJI6kzyFDlaMUjPIXZpbMES042ON0r-kydCyuDfXY_iUA==\" rel=\"nofollow noopener\" target=\"_blank\">www.wnw108.com<\/a>. Optimizing the Website and real-time data, we are able to respond to and match supply with demand for food products in keeping with consumer trends.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor Statement<\/strong><br \/>\n        <br \/>Certain statements made in this release are \u201cforward looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company\u2019s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company\u2019s filings with the Securities and Exchange Commission, which are available for review at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7POLhiql8HKBMxdfJR4qFIvL0RVBgbm6j_Ot7K-b0Dcb-t4Q4Iyzoj8YUD2OKHJbMmpSL7tr09NVTewp635JgQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.<\/p>\n<p align=\"justify\">\n        <strong>Contact<\/strong><br \/>\n        <br \/>\n        <strong>Meiwu<\/strong><br \/>\n        <strong> Technology Company Limited<\/strong><br \/>\n        <br \/>Xinliang Zhang<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5_oQc8u-NkqAsHpPu7xFwNBNmaNnvCZyZkMXE321Tvce_vUmty7_vLLSSMEWQsLEho31dHqRljzvwF4wmjGtF04EuiZoOKrJdNmRC2mkIQs=\" rel=\"nofollow noopener\" target=\"_blank\">meiwuBS@usmeiwu.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY4NDQ0NCM1MjMwMjg3IzUwMDA4MDMzNg==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTJhZjQxOWItMmQyYi00YWQzLWJiODQtZjFkM2VjNDRiMWY3LTUwMDA4MDMzNg==\/tiny\/Meiwu-Technology-Company-Limit.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shenzhen, China, Oct. 28, 2022 (GLOBE NEWSWIRE) &#8212; Meiwu Technology Company Limited (\u201cWNW\u201d or the \u201cCompany\u201d), (NASDAQ: WNW) announced today that on October 25, 2022, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that it has regained compliance with the Nasdaq&#8217;s minimum bid price requirement and the matter is closed. On May 13, 2022, 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 November 9, 2022 to regain compliance. The letter from Nasdaq dated October &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/meiwu-technology-company-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Meiwu Technology Company 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-702516","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Meiwu Technology Company 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\/meiwu-technology-company-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=\"Meiwu Technology Company Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Shenzhen, China, Oct. 28, 2022 (GLOBE NEWSWIRE) &#8212; Meiwu Technology Company Limited (\u201cWNW\u201d or the \u201cCompany\u201d), (NASDAQ: WNW) announced today that on October 25, 2022, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that it has regained compliance with the Nasdaq&#8217;s minimum bid price requirement and the matter is closed. On May 13, 2022, 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 November 9, 2022 to regain compliance. 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