Alset Inc (AEI)

[BeasTrader]

Company failed to become compliant

The notification has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from January 19, 2022, or until July 18, 2022, to regain compliance with the Minimum Bid Price Requirement. If at any time before July 18, 2022, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement.