SHENZHEN, China, Sept. 12,
2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC
Digital" or the "Company") (NASDAQ: METX), a blockchain technology
company, today announced that it received a letter from the Listing
Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq")
on September 8, 2023, notifying the
Company that it has regained compliance with the Nasdaq's minimum
bid price requirement and the matter is closed.
As previously disclosed, the Company received a deficiency
letter from the Listing Qualifications Department (the "Staff") of
the Nasdaq Stock Market LLC ("Nasdaq") on September 16, 2022, indicating that the Company
was not in compliance with Nasdaq Rule 5550(a)(2) (the "Bid Price
Rule"), as the closing bid price for the Company's ordinary shares
had been below $1.00 per share for
the preceding 30 consecutive business days. In accordance with the
Nasdaq Listing Rules, the Company was provided two 180-day
compliance periods, or until September 11,
2023, to regain compliance with the Bid Price Rule.
On September 8, 2023, the Company
received a written notification from the Staff of Nasdaq, noting
that the Company evidenced a closing bid price of its ordinary
shares at or greater than the $1.00
per share minimum requirement for the preceding 10 consecutive
business days, from August 24, 2023
through September 7, 2023, and
informing the Company that it has regained compliance with the Bid
Price Rule and the matter is closed.
About BTC Digital Ltd.
BTC Digital Ltd. is a blockchain technology company, with a
long-term strategy to create value across the metaverse, blockchain
and cryptocurrency mining industry. The Company is
committed to developing blockchain related businesses in
North America, including
cryptocurrency mining, mining farm construction, and
mining pool and data center operation.
For more information, please visit:
https://meten.investorroom.com
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
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SOURCE BTC Digital Ltd.