AGM Group Announces Notification from Nasdaq: What You Need to Know

FREMONT, CA: AGM Group Holdings Inc. (NASDAQ: AGMH), founded in April 2015 and based in Beijing, China, is an integrated technology business that produces high-performance hardware and computing equipment. AGMH's objective is to become a prominent player and contributor in the global financial and blockchain ecosystems.

AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an integrated technology company focused on providing fintech software services as well as producing high-performance hardware and computing equipment, announced today that it received a written declaration from The Nasdaq Stock Market LLC ("Nasdaq") on July 15, 2024. The Notification Letter said that for the last 30 consecutive business days, the minimum closing bid price per share for the organization's ordinary shares was less than the $1.00 per share threshold for continuing listing under Nasdaq Listing Rule 5550(a)(2).

The Nasdaq notice letter has no immediate effect on the Company's Nasdaq securities listing or trading status.

Under Nasdaq Listing Rules 5810(c)(3)(A), the Company has 180 calendar days, or until January 13, 2025, to recover compliance with the Nasdaq Listing Rules. If, at any point during this compliance period, the closing bidding price of the Company's ordinary shares is US$1.00 per share or greater for a minimum of ten successive business days, Nasdaq will issue written certification of compliance and close the case. If the Company does not restore compliance by January 13, 2025, it may be eligible for a 180-day extension to do so.

The Company plans to monitor the bid price for its shares actively and will consider all available alternatives to recover compliance with the continuing listing requirements.