Universe Pharmaceuticals INC Announces Receipt of Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares

January 19, 2024

https://www.globenewswire.com/news-release/2023/08/04/2718936/0/en/Universe-Pharmaceuticals-INC-Announces-Receipt-of-Nasdaq-Notification-Regarding-Minimum-Market-Value-of-Publicly-Held-Shares.html

Jiangxi, China, Aug. 04, 2023 (GLOBE NEWSWIRE) — Universe Pharmaceuticals INC (NASDAQ:UPC) (“Universe Pharmaceuticals” or the “Company”), a pharmaceutical producer and distributor in China, today announced that the Company received a written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) on August 1, 2023, notifying the Company that it is not in compliance with the minimum Market Value of Publicly Held Shares (“MVPHS”) requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq Global Market.

Read more at globenewswire.com

Related news for (UPC)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.