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Nisun Receives NASDAQ Notification Relating to Minimal Bid Necessities

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SHANGHAI, Could 27, 2022 /PRNewswire/ — Nisun Worldwide Enterprise Improvement Group Co., Ltd (“Nisun” or the “Firm”) (Nasdaq: NISN), a supplier of modern complete options via an integration of expertise, {industry} and finance, right this moment introduced that on Could 25, 2022, it obtained a letter from The Nasdaq Inventory Market LLC (“Nasdaq”), notifying the Firm that it’s at the moment not in compliance with the minimal bid value requirement set forth beneath Nasdaq Itemizing Rule 5550(a)(2). It resulted from the truth that the closing bid value of the Firm’s Class A typical shares was under $1.00 per share for a interval of 30 consecutive enterprise days. This press launch is issued pursuant to Nasdaq Itemizing Rule 5810(b), which requires immediate disclosure of receipt of a deficiency notification. The notification has no rapid impact on the itemizing of the Firm’s frequent shares, which can proceed to commerce uninterrupted on Nasdaq beneath the ticker “NISN”.

Pursuant to Nasdaq Itemizing Rule 5810(c)(3)(A), the Firm has a compliance interval of 180 calendar days, or till November 21, 2022 (the “Compliance Interval”), to regain compliance with Nasdaq’s minimal bid value requirement. If at any time throughout the Compliance Interval, the closing bid value per share of the Firm’s frequent shares is a minimum of $1.00 for no less than 10 consecutive enterprise days, Nasdaq will present the Firm a written affirmation of compliance and the matter can be closed.

Within the occasion the Firm doesn’t regain compliance with the minimal bid value requirement by November 21, 2022, the Firm could also be eligible for an extra 180 calendar day grace interval.

About Nisun Worldwide Enterprise Improvement Group Co., Ltd

Nisun Worldwide Enterprise Improvement Group Co., Ltd (NASDAQ: NISN) is a technology-driven, built-in provide chain options supplier targeted on reworking the company finance {industry}. Leveraging its {industry} expertise, Nisun is devoted to offering skilled provide chain options to Chinese language and international enterprises and monetary establishments. By its subsidiaries and managed corporations, Nisun offers customers with skilled options for expertise provide chain administration, expertise asset routing, and digital transformation of tech and finance establishments, enabling the {industry} to strengthen and develop. On the identical time, Nisun continues to deepen the sphere of {industry} segmentation via industrial and monetary integration, by cultivating and creating an ecosystem of openness and empowerment. Nisun has constructed a linked platform that comes with provide chain, banking, securities, belief, insurance coverage, funds, state-owned enterprises, amongst different companies. Specializing in industry-finance linkages, Nisun goals to serve the upstream and downstream of the commercial provide chain whereas additionally helping with supply-side sub-sector reform. For extra info, please go to http://ir.nisun-international.com.

Cautionary Notice Relating to Ahead-Trying Statements

This press launch comprises details about Nisun’s view of its future expectations, plans and prospects that represent forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. Precise outcomes might differ materially from historic outcomes or these indicated by these forward-looking statements on account of quite a lot of components together with, however not restricted to, dangers and uncertainties related to its capacity to boost extra funding, its capacity to keep up and develop its enterprise, variability of working outcomes, its capacity to keep up and improve its model, its improvement and introduction of latest services and products, the profitable integration of acquired corporations, applied sciences and property into its portfolio of services and products, advertising and marketing and different enterprise improvement initiatives, competitors within the {industry}, normal authorities regulation, financial circumstances, dependence on key personnel, the flexibility to draw, rent and retain personnel who possess the technical expertise and expertise mandatory to satisfy the necessities of its shoppers, and its capacity to guard its mental property. Nisun encourages you to evaluate different components which will have an effect on its future ends in Nisun’s registration assertion and in its different filings with the Securities and Change Fee. Nisun assumes no obligation to replace or revise its forward-looking statements on account of new info, future occasions or in any other case, besides as expressly required by relevant legislation.

Contacts

Nisun Worldwide Enterprise Improvement Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Electronic mail: [email protected]

ICR, LLC
Tel: +1 203 682 8233
Electronic mail: [email protected]

SOURCE Nisun Worldwide Enterprise Improvement Group Co., Ltd

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