Infobird (NASDAQ: IFBD), a leading provider of AI-powered customer-engagement solutions in China, has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC noting that the company has regained compliance with the market’s minimum-bid price requirement; the letter noted that the matter is now closed. Infobird received notice in March 2022 that it had failed to meet the $1 per share minimum closing bid price for 30 consecutive trading days. The company has been working since then to regain compliance. The letter stated that as of Oct. 6, 2022, Infobird has evidenced a closing bid price of its ordinary shares at or greater than $1 per share from Sept. 9, 2022.
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About Infobird Software Co. Ltd.
Infobird, headquartered in Beijing, China, is a software-as-a-service (“SaaS”) provider of innovative AI-powered or enabled customer-engagement solutions. For more information about the company, visit www.Infobird.com.
NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD
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