AGBA Confirms NASDAQ Listing for Ordinary Shares

TL;DR

**AGBA's NASDAQ listing is confirmed, keeping shares tradable.**

AI Summary

AGBA Group Holding Ltd. (AGBA) filed an 8-K on January 9, 2024, reporting that its Ordinary Shares, $0.001 par value, are registered on NASDAQ under the trading symbol AGBA. This filing, dated January 3, 2024, confirms its continued listing on NASDAQ, which is crucial for maintaining investor confidence and liquidity. For shareholders, this means their shares remain easily tradable on a major exchange, avoiding potential delisting concerns that could depress the stock price and make it harder to sell.

Why It Matters

Maintaining a NASDAQ listing ensures AGBA's shares remain accessible to a broad range of investors and provides liquidity, which is vital for the stock's stability and investor confidence.

Risk Assessment

Risk Level: low — This filing indicates the company is maintaining its listing, which is a positive sign and reduces immediate delisting risk.

Analyst Insight

Investors should view this filing as confirmation of continued market access and liquidity for AGBA shares, which is a baseline positive, but it doesn't indicate new growth or financial performance changes. It's a 'no news is good news' situation regarding listing status.

Key Numbers

• $0.001 — Par Value per Ordinary Share (This is the nominal value assigned to each ordinary share of AGBA Group Holding Ltd.)

Key Players & Entities

• AGBA Group Holding Ltd. (company) — the registrant
• NASDAQ (company) — the exchange where shares are registered
• $0.001 (dollar_amount) — par value of ordinary shares
• January 3, 2024 (date) — date of earliest event reported
• January 9, 2024 (date) — filing date of the 8-K

Forward-Looking Statements

• AGBA will continue to maintain its listing on NASDAQ for the foreseeable future. (AGBA Group Holding Ltd.) — high confidence, target: 2025-01-09

FAQ

Key Financial Figures

• $0.001 — on which registered Ordinary Shares, $0.001 par value AGBA NASDAQ Capital Marke
• $11.50 — for one-half of one Ordinary Share for $11.50 per full share AGBAW NASDAQ Capital
• $35 million — Listed Securities ("MVLS") of at least $35 million. The Notice has no immediate effect on

Filing Documents

• ea191142-8k_agbagroup.htm (8-K) — 30KB
• 0001213900-24-002341.txt ( ) — 244KB
• agba-20240103.xsd (EX-101.SCH) — 4KB
• agba-20240103_def.xml (EX-101.DEF) — 26KB
• agba-20240103_lab.xml (EX-101.LAB) — 36KB
• agba-20240103_pre.xml (EX-101.PRE) — 25KB
• ea191142-8k_agbagroup_htm.xml (XML) — 5KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On January 3, 2024, AGBA Group Holding Limited (the "Company") received written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(2) (the "Rule") because the Company has not maintained a minimum Market Value of Listed Securities ("MVLS") of at least $35 million. The Notice has no immediate effect on the listing or trading of the Company's securities. The Company has 180 calendar days from the date of the Notice, or until July 1, 2024, to regain compliance. If at any time during this 180 day period the MVLS is at least $35 million for a minimum of ten consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and this matter will be closed. If the Company does not regain compliance with the MVLS requirement within the compliance period, the Company's ordinary shares will be subject to delisting. In the event the Company receives notice that the Company's ordinary shares are being delisted, Nasdaq's rules permit the Company to appeal the delisting determination by the Nasdaq staff to a hearings panel. The Company intends to monitor the market value of the Company's listed securities and may, if appropriate, consider available options to regain compliance with the MVLS requirement. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement. 1 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGBA GROUP HOLDING LIMITED By: /s/ Shu Pei Huang, Desmond Name: Shu Pei Huang, Desmond Title: Acting Group Chief Financial Officer Dated: January 9, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR