Color Star Technology Received Nasdaq Notification Letter Regarding Bid Price Deficiency
NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) — Color Star Technology Co., Ltd. (Nasdaq:ADD) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announced today that on November 14, 2023, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).