24/7 Market News Snapshot 18 November, 2024 – SRIVARU Holding Limited Ordinary Shares (NASDAQ:SVMH)

November 18, 2024

DENVER, Colo., 18 November, 2024 (247marketnews.com) – (NASDAQ:SVMH) are discussed in this article.
SRIVARU Holding Limited (SVMH) has experienced a significant upswing in its stock performance, opening at $0.023 and surging over 26% to reach $0.029, accompanied by a trading volume of 81.97 million shares. This dramatic rise illustrates a robust investor interest and reflects the bullish sentiment surrounding the company’s market potential. The previous closing price of $0.023 hints at a positive trajectory that traders are keen to leverage.

Concurrently, SRIVARU is making substantial progress in meeting the compliance standards required for its continued listing on Nasdaq, following a recent extension granted by the Nasdaq Hearing Panel. The company has submitted its Interim Audited Financials as of October 31, 2024, aiming to fulfill the shareholder equity requirements essential for transitioning from the Nasdaq Global Market to the Nasdaq Capital Market.

Mohanraj Ramasamy, CEO of SRIVARU, expressed optimism about this achievement, stating, “The completion of our interim audit marks a pivotal milestone in our compliance journey. With a recent equity infusion, our focus shifts to driving growth through strategic initiatives in sales and production.” To support its expansion efforts, SRIVARU is augmenting its sales team and exploring new dealership partnerships, essential components for scaling its operations and enhancing market presence.

The company is committed to innovation in the electric motorcycle sector, characterized by cutting-edge safety features and a focus on sustainability, ensuring an exceptional riding experience while reducing ownership costs. SRIVARU remains steadfast in its vision of redefining mobility, eager to lead the charge in electric transportation and eager to respond to Nasdaq regarding its compliance efforts, further solidifying its presence in the market.

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