GlobeNewswire Inc. · May 14, 2024
BEIJING, May 14, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on May 2, 2024, the Company received a notice from the NASDAQ Stock Market (the “Nasdaq Notice”), notifying the Company that it is not in compliance with the requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) because it did not timely file its annual report on Form 20-F for the year ended December 31, 2023 (the “2023 Annual Report”).
GlobeNewswire Inc. · May 8, 2024
BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on May 2, 2024, the Company received an additional 180 calendar day extension (“Second Compliance Grace Period”) from Nasdaq’s Listing Qualifications Department to meet Nasdaq’s continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until October 28, 2024 to regain compliance.
GlobeNewswire Inc. · Nov 8, 2023
BEIJING, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that it has received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), which require that the closing bid price for the Company's ordinary shares listed on Nasdaq be maintained at a minimum of US$1.00 and failure to maintain it for 30 consecutive trading days constitutes a compliance deficiency.
Benzinga · Mar 22, 2023
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 75 points on Wednesday.
The Dow traded up 0.23% to 32,635.71 while the NASDAQ rose 0.65% to 11,932.62. The S&P 500, also rose, gaining, 0.34% to 4,016.52.
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Leading and Lagging Sectors
Information technology shares rose by 0.8% on Wednesday. Meanwhile, top gainers in the sector included inTEST Corporation (NYSE: INTT), up 12%, and ZeroFox Holdings, Inc. (NASDAQ: ZFOX), up 7%.
In trading on Wednesday, real estate shares fell 1.6%.
Top Headline
The Federal Reserve increased the fed funds rate by 25bps to 4.75%-5% at its meeting, sending borrowing costs to new highs since 2007.
Equities Trading UP
Virgin Orbit Holdings, Inc. (NASDAQ: VORB) shares shot up 56% to $0.6901 following a report suggesting the company is nearing a $200 million investment through a private share placement. The company also said it will initiate an incremental resumption of operations beginning Mar. 23.
Shares of 89bio, Inc. (NASDAQ: ETNB) got a boost, ...
