ZHUHAI, China, Aug. 1, 2022
/PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS)
("Powerbridge" or the "Company"), a provider of multi-industry
technology solutions, announced that it has regained compliance
with the minimum bid price requirement under the continued listing
requirements of the Nasdaq Stock Market LLC ("Nasdaq").
On July 29, 2022, the Company
received a written notification from Nasdaq's Listing
Qualifications Department stating that the closing bid price of the
Company's common shares has been $1.00 per share or greater for 10 consecutive
trading days, from July 15, 2022 to
July 28, 2022. Hence, the Company has
regained compliance with Nasdaq Listing Rule 5550(a)(2) and this
matter is now closed.
About Powerbridge
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider
of multi-industry technology solutions: software applications and
services for the global trade industry, IoT platform services as
well as intelligent fixtures and devices for smart city operations,
supply chain platforms and social livestreaming services for the
retail industry, metaverse and smart solutions for the travel and
leisure industry, as well as cryptomining and digital asset
operations. For more information, visit
www.powerbridge.com/ir/.
Safe Harbor Statement
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
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements; specifically, the Company's statements regarding
listing on the NASDAQ Capital Market and the IPO are
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's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company'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
China and assumptions underlying
or related to any of the foregoing and other risks contained in
reports filed by the Company with the SEC. 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's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
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SOURCE Powerbridge Technologies Co., Ltd.