Jowell Global Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
SHANGHAI, Dec. 30, 2022 (GLOBE NEWSWIRE) — Jowell Global Ltd. (“Jowell Global” or the “Company”) (NASDAQ:JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced that, on December 29, 2022, the Company received a letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s ordinary shares listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”).