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AGM Group Holdings Inc. (NASDAQ: AGMH) is facing delisting from NASDAQ due to its stock price closing below $0.10 for 10 consecutive trading days, from March 18 to March 31, violating the exchange's "low price stock rule". Here's what's happening.
- *Delisting Notice*: NASDAQ issued a staff determination notice on April 1, 2025, stating the company's Class A ordinary shares will be suspended from trading on April 10, 2025.
- *Appeal Plans*: AGM Group Holdings Inc. plans to appeal the decision, which will temporarily stay the suspension pending the outcome of the appeal.
- *Company Statement*: The company claims its operations remain unaffected, but acknowledges the delisting would impact its market credibility, liquidity and financing costs.
The company's stock price has been struggling, with a current price of $0.04 and a market capitalization of $1.37 million. AGM Group Holdings Inc. has 180 calendar days, until September 9, 2025, to regain compliance with NASDAQ's minimum bid price requirement of $1.00 per share