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QMMM Holdings Limited Announces to receive Nasdaq Minimum Bid Price Deficiency Letter

1. QMMM no longer meets Nasdaq's minimum bid price requirement. 2. The compliance period ends August 25, 2025. 3. QMMM may achieve compliance via a reverse stock split. 4. The company is assessing options to regain Nasdaq compliance. 5. Non-compliance may lead to potential delisting from Nasdaq.

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FAQ

Why Very Bearish?

The notification of non-compliance suggests potential delisting, significantly reducing investor confidence and likely dropping the stock price, similar to past cases like LSC Communications in 2020, which faced severe price drops after delisting notices.

How important is it?

The risk of delisting is a major concern for shareholders; the compliance issue immediately impacts stock liquidity and investor sentiment.

Why Long Term?

The compliance period extends until August 2025, and if unsuccessful, further declines may be observed, echoing similar past situations like that of Hudson's Bay Company.

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LSCCHBCHMG
, /PRNewswire/ -- QMMM Holdings Limited (Nasdaq: QMMM) (the "Company" or "QMMM Holdings"), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced that on February 26, 2025, the Company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market ("Nasdaq") notifying the Company that based on the closing bid price of the Company for the period from January 8, 2025 to February 25, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Nasdaq has provided the Company with an 180 calendar days compliance period, or until August 25, 2025, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq's continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.  About QMMM Holdings Limited QMMM Holdings is an award-winning digital advertising and marketing production services company. More information about the Company can be found at: https://www.qmmm.io/  Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at www.sec.gov. For more information, please contact: QMMM Holdings LimitedPhone: +852 3549 6889Email: [email protected] SOURCE QMMM HOLDINGS LIMITED WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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