ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement
September 17 2021 - 10:02PM
ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a holding
group providing business and financial consulting in Asia and North
America, today announced it received notification from the Listing
Qualifications Department of The Nasdaq Stock Market (“Nasdaq”)
that it has regained compliance with the minimum bid price
requirement of US$1.00 per share under the Nasdaq Listing Rules
(the “Listing Rules”).
On September 14, 2021, Nasdaq provided
confirmation to the Company that for at least 10 consecutive
business days, from August 30 to September 13, 2021, the closing
bid price of the Company’s ordinary shares has been at $1.00 per
share or greater. Accordingly, the Company has regained compliance
with Listing Rule 5550(a)(2) and this matter is now closed.
About ATIF Holdings LimitedATIF
Holdings Limited ("ATIF") is a holding group with business
consulting, asset management and investment business with business
centers located in Los Angeles, California, and in Hong Kong and
Shenzhen, China. ATIF mainly provides IPO Advisory Services to
small and medium-sized enterprises in Asia and North America. ATIF
has advised several enterprises in China in their plans to become
publicly listed in the U.S. ATIF was awarded the "Top 10 Best
Listed Companies 2019" from the "Golden Bauhinia Award", the
highest award in Hong Kong's financial and securities industry. For
more information, please visit https://ir.atifchina.com/.
Forward-Looking
StatementsCertain statements made in this release are
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” 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 guarantee 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’s control,
that could cause actual results or outcomes to differ materially
from those discussed in the forward-looking statements. Important
factors, among others, are: future financial and operating results,
including revenues, income, expenditures, cash balances and other
financial items; ability to manage growth and expansion; current
and future economic and political conditions; ability to
compete in an industry with low barriers to entry; ability to
continue to operate through our VIE structure; ability to obtain
additional financing in the future to fund capital expenditures;
ability to attract new clients and further enhance brand
recognition; ability to hire and retain qualified management
personnel and key employees; trends and competition in the
financial consulting services industry; a pandemic or epidemic; and
other factors listed in the Company’s annual report on Form 20-F
and other documents filed with the Securities and
Exchange Commission. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions you that actual results
may differ materially from the anticipated results expressed or
implied by the forward-looking statements we make. You should
not rely upon forward-looking statements as predictions of
future events. Forward-looking statements represent our
management’s beliefs and assumptions only as of the date such
statements are made. These forward-looking statements are made as
of the date of this news release.
Media contact:
Anna Huang
+86-139-2726-7157
anna@atifchina.com
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