BEIJING, Oct. 25, 2024 (GLOBE NEWSWIRE) — U-BX Technology Ltd. (the “Company” or “U-BX”) (NASDAQ:UBXG) Faces Listing Qualifications Issue on Nasdaq

Notification from Nasdaq

U-BX Technology Ltd., a prominent player in the insurance industry utilizing artificial intelligence-driven technology, recently received Notification Letters from Nasdaq regarding its listing qualifications. The Notifications indicated that the company’s closing bid price per share for the last 31 consecutive business days was below $1.00 per share, failing to meet the requirement under Nasdaq Listing Rule 5550(a)(2). Additionally, the minimum Market Value of Listed Securities (MVLS) for the last 30 consecutive business days was below the $35 million threshold set by Nasdaq Listing Rule 5550(b)(2).

Impact on U-BX Technology Ltd.

This development has raised concerns about the company’s ability to maintain its listing on the Nasdaq stock exchange. U-BX Technology Ltd. will need to take prompt and strategic actions to address these deficiencies in order to regain compliance with Nasdaq’s listing requirements.

Effects on Stakeholders

Shareholders, investors, and industry analysts will closely monitor U-BX Technology Ltd.’s response to the Notification Letters and its efforts to rectify the situation. The company’s reputation and financial standing may be impacted by this listing qualifications issue, which could have broader implications for its business operations and growth prospects.

How it Will Affect Me

As a shareholder or investor in U-BX Technology Ltd., the company’s listing qualifications issue could potentially affect the value of your investment and your confidence in the company’s future prospects. It is important to stay informed about the developments surrounding this issue and carefully evaluate the company’s response and remedial actions.

Global Impact

The listing qualifications problem faced by U-BX Technology Ltd. could also have implications for the wider insurance industry and the broader financial markets. Investors and industry participants around the world may take note of this situation and assess its significance in the context of market trends and regulatory compliance.

Conclusion

U-BX Technology Ltd.’s receipt of Notification Letters from Nasdaq regarding its listing qualifications underscores the importance of regulatory compliance and financial stability for companies operating in the capital markets. The company’s response to this issue will be critical in determining its future trajectory and standing within the industry.