Agape ATP Corp.

04/16/2024 | Press release | Distributed by Public on 04/16/2024 14:06

Failure to Satisfy Listing Rule - Form 8-K

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed, on March 28, 2024, Agape ATP Corporation (the "Company") received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rules 5550(b)(2), to maintain a minimum MVLS of $35 million, which requires companies listed on Nasdaq to maintain a minimum Market Value of Listed Securities ("MVLS") of at least $35 million.

In its annual report on Form 10-K for the period ended December 31, 2023 filed on April 1, 2024, the Company reported shareholders' equity of $4,380,863.

On April 10, 2024, Nasdaq confirmed that the Company had regained compliance with Rule 5550(b)(1) and that this matter is now closed.