On August 5, BIT Mining Limited disclosed that the business had obtained a letter from the NYSE on July 29, 2022. The letter stated that as of July28, 2022, the Company had not fulfilled the relevant price criteria in the NYSE’s continued listing standards. The American Depositary Shares (ADSs) of the Company’s average closing price was below the applicable price threshold.
The Company has a six month fix period following receipt of the notification to get back to consistency with the base offer cost prerequisite, according to Section Listed Company Manual, Section802.01C, NYSE.
The Company can recover consistence whenever during the Cure Period assuming on the last exchanging day of any schedule month during the Cure Period the Company has an end share cost of no less than US$1.00 per ADS, and a typical shutting share cost of no less than US$1.00 per ADS over the 30 exchanging day time span finishing on the last exchanging day of that month.
All other NYSE continued listing requirements are currently being met by the company. The NYSE notice has no bearing on the Company’s business operations, SEC reporting requirements, or contractual obligations in the United States.