Fr8Tech Regains Compliance with Nasdaq’s Minimum Bid Price Listing Rule

February 21, 2024

https://www.globenewswire.com/news-release/2024/02/21/2832581/0/en/Fr8Tech-Regains-Compliance-with-Nasdaq-s-Minimum-Bid-Price-Listing-Rule.html

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq:FRGT) (“Fr8Tech’’), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, previously announced that it received written notification on August 21, 2023, from The Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2) because the closing bid price for the Company’s ordinary shares had fallen below $1.00 per share for 30 consecutive business days.

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