AirNet Granted Additional 180-Day Grace Period Or Until September 15, 2025 To Regain Compliance With Nasdaq Bid Price Requirement

Benzinga·03/18/2025 20:10:06

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AirNet Technology Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), is pleased to announce that Nasdaq has granted the Company an additional 180-day grace period, until September 15, 2025, to regain compliance with the Nasdaq Capital Market's minimum $1.00 bid price per share requirement.

AirNet remains fully committed to addressing the bid price deficiency during this extended compliance period. If the Company's closing bid price meets or exceeds $1 per ADS for a minimum of 10 consecutive business days within this timeframe, the Company will be in compliance with that requirement and Nasdaq should close this matter.

The Company has demonstrated compliance with all other applicable Nasdaq continued listing requirements, including the market value of publicly held shares and shareholder equity thresholds.

To ensure compliance, AirNet intends to monitor its ADS price closely and will take all necessary steps to maintain its Nasdaq listing, including effecting an ADS ratio change or reverse stock split.

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