WiMi Hologram Cloud Receives Nasdaq Minimum Bid Price Notice
Ticker: WIMI · Form: 6-K · Filed: Nov 21, 2024 · CIK: 1770088
Sentiment: bearish
Topics: listing-compliance, minimum-bid-price, sec-filing
Related Tickers: WIMI
TL;DR
WIMI got a warning from Nasdaq - stock price too low, might get delisted if it doesn't go up!
AI Summary
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) received a minimum bid price non-compliance notice from Nasdaq on November 20, 2024. The notice indicates that the closing bid price for the company's common stock has fallen below the $1.00 minimum requirement for the past 30 consecutive business days.
Why It Matters
This notice from Nasdaq signifies a potential risk to the company's stock exchange listing, which could impact investor confidence and stock liquidity.
Risk Assessment
Risk Level: medium — The company is at risk of being delisted from Nasdaq if it cannot regain compliance with the minimum bid price requirement.
Key Numbers
- 30 — Consecutive Business Days (The period during which the closing bid price remained below the minimum requirement.)
Key Players & Entities
- WiMi Hologram Cloud Inc. (company) — The company that received the notice.
- Nasdaq (company) — The stock exchange that issued the notice.
- November 20, 2024 (date) — The date the notice was issued.
- $1.00 (dollar_amount) — The minimum bid price requirement.
FAQ
What is the specific reason for the Nasdaq notice?
The company received the notice because its closing bid price has been below $1.00 for 30 consecutive business days.
When was the notice from Nasdaq issued?
The notice from Nasdaq was dated November 20, 2024.
What is the minimum bid price requirement from Nasdaq?
The minimum bid price requirement is $1.00.
What is the potential consequence of not meeting the minimum bid price?
The company risks non-compliance with Nasdaq listing rules, which could lead to delisting.
What is the ticker symbol for WiMi Hologram Cloud Inc.?
The ticker symbol is WIMI.
Filing Stats: 397 words · 2 min read · ~1 pages · Grade level 12.8 · Accepted 2024-11-21 08:18:13
Key Financial Figures
- $1.00 — ty was below the minimum bid price of US$1.00 per share requirement set forth in Nasd
- $1 — Company’s security is at least US$1 for a minimum of ten consecutive busine
Filing Documents
- ea0222077-6k_wimiholo.htm (6-K) — 12KB
- ea022207701ex99-1_wimiholo.htm (EX-99.1) — 8KB
- 0001213900-24-100733.txt ( ) — 21KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WiMi Hologram Cloud Inc. By: /s/ Shuo Shi Name: Shuo Shi Title: Chief Executive and Operations Officer Date: November 21, 2024 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release 3