{"id":762285,"date":"2023-06-07T16:39:00","date_gmt":"2023-06-07T20:39:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/moxian-receives-nasdaq-notification-regarding-minimum-bid-requirements-2\/"},"modified":"2023-06-07T16:39:00","modified_gmt":"2023-06-07T20:39:00","slug":"moxian-receives-nasdaq-notification-regarding-minimum-bid-requirements-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/moxian-receives-nasdaq-notification-regarding-minimum-bid-requirements-2\/","title":{"rendered":"Moxian Receives NASDAQ Notification Regarding Minimum Bid Requirements"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>Beijing, June  07, 2023  (GLOBE NEWSWIRE) &#8212; <\/strong>Moxian (BVI) Inc (\u201cMoxian\u201d or the \u201cCompany\u201d) (NASDAQ: MOXC), a company engaged in bitcoin mining and related services in the United States, announced today on June 6, 2023, it received a letter from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company\u2019s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company\u2019s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker \u201cMOXC\u201d.<\/p>\n<p align=\"justify\">Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until December 4, 2023 (the \u201cCompliance Period\u201d), to regain compliance with Nasdaq\u2019s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company\u2019s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.<\/p>\n<p align=\"justify\">In the event the Company does not regain compliance with the minimum bid price requirement by December 4, 2023, the Company may be eligible for an additional 180 calendar day grace period.<\/p>\n<p align=\"justify\">\n        <strong>About <\/strong><br \/>\n        <strong>Moxian<\/strong><br \/>\n        <strong> (BVI) Inc<\/strong>\n      <\/p>\n<p align=\"justify\">Moxian (BVI) Inc, a company organized in the British Virgin Islands in May 2021, is the surviving company following its merger with Moxian, Inc. in August 2021. Moxian (BVI) Inc operates in the States of New York and Georgia in the U.S.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This announcement contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934<\/em><br \/>\n        <em> as amended. These forward-looking statements are based on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be governed by terms such as \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cfuture,\u201d \u201cintend,\u201d \u201cplan,\u201d Believe, \u201cestimat<\/em><br \/>\n        <em>e\u201d, \u201cpotential\u201d, \u201ccontinue\u201d, \u201cin progress\u201d, \u201cgoal\u201d, \u201cguidance expectations\u201d and similar statements are identified. The company may also include in its periodic reports to the US Securities and Exchange Commission (\u201cSEC\u201d), annual reports to shareholders, pr<\/em><br \/>\n        <em>ess releases and other written materials, as well as oral statements from third parties to the company\u2019s management, <\/em><br \/>\n        <em>directors<\/em><br \/>\n        <em> or employees. Any statements that are not historical facts, including statements about the company\u2019s philosophy and expectations,<\/em><br \/>\n        <em> are forward-looking statements that involve factors, risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These factors and risks include, but are not limited to, the following: compan<\/em><br \/>\n        <em>y\u2019s goals and strategies; future business development; financial status and operating results; expected growth of bitcoin mining industry and Internet media marketing industry; demand and acceptance of the company\u2019s products and services; the relationship <\/em><br \/>\n        <em>between the company and strategic partners; industry competition; and policies and regulations related to the company\u2019s structure, <\/em><br \/>\n        <em>business<\/em><br \/>\n        <em> and industry. More detailed information about these and other risks and uncertainties is included in the company\u2019s f<\/em><br \/>\n        <em>ilings with the Securities and Exchange Commission. All information provided in the company\u2019s introduction is the latest information as of the date of publication of the company. Except as provided by applicable law, the company is not obligated to update <\/em><br \/>\n        <em>such information.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>For further information, please contact:<\/strong>\n      <\/p>\n<p align=\"justify\">Wanhong Tan<br \/>Chief Financial Officer<br \/>+852 9855 6575<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FrUju8lPeFxs4fRXsoUI4Wme2LlVFFBxtTbpeFc4hbVgOYW7J7mpXn18Xt_CW57suKcXLNjCpy9t6SrhwKQ99A==\" rel=\"nofollow noopener\" target=\"_blank\">yf@abitgrp.com<\/a><\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg1NDIxMyM1NjM2MTI2IzUwMDA2NTIxOA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MDE5NzU3YWUtY2NhMC00NDFhLWJjZmMtYjQ1NTZlOTkwOWExLTUwMDA2NTIxOA==\/tiny\/Moxian-BVI-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Beijing, June 07, 2023 (GLOBE NEWSWIRE) &#8212; Moxian (BVI) Inc (\u201cMoxian\u201d or the \u201cCompany\u201d) (NASDAQ: MOXC), a company engaged in bitcoin mining and related services in the United States, announced today on June 6, 2023, it received a letter from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company\u2019s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moxian-receives-nasdaq-notification-regarding-minimum-bid-requirements-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Moxian Receives NASDAQ Notification Regarding Minimum Bid Requirements&#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-762285","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Moxian Receives NASDAQ Notification Regarding Minimum Bid Requirements - 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\/moxian-receives-nasdaq-notification-regarding-minimum-bid-requirements-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moxian Receives NASDAQ Notification Regarding Minimum Bid Requirements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Beijing, June 07, 2023 (GLOBE NEWSWIRE) &#8212; Moxian (BVI) Inc (\u201cMoxian\u201d or the \u201cCompany\u201d) (NASDAQ: MOXC), a company engaged in bitcoin mining and related services in the United States, announced today on June 6, 2023, it received a letter from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company\u2019s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. 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It resulted from the fact that the closing bid price of the Company\u2019s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. 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