Mercurity Fintech Holding Inc. plans to take appropriate measures after receiving the Nasdaq deficiency notice
19 Maggio 2022 - 12:30AM
Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq:
MFH) today announced that on May 13, 2022 the Company received a
deficiency notice from The Nasdaq Stock Market, LLC (“Nasdaq”) that
stated the Company no longer complies with Nasdaq’s Listing Rule
5250(c)(1) due to its failure to file Form 20-F for the period
ended December 31, 2021 (the “Filing”). Nasdaq informed the Company
that it has a period of 14 days until May 27, 2022 to submit a plan
(the “Plan”) to Nasdaq detailing how the Company plans to regain
compliance with Nasdaq’s continued listing requirements. If Nasdaq
accepts the Company’s Plan to regain compliance in that respect,
Nasdaq can grant an exception of up to 180 calendar days from the
prescribed Filing due date or until October 28, 2022 to regain
compliance.
In determining whether to accept the Company’s
Plan, Nasdaq will consider things as the likelihood that the Filing
and any subsequent periodic filings can be made within the 180-day
period, the Company’s past compliance history, the reasons for the
late filing, other corporate events that may occur within the
Nasdaq review period, the Company’s overall financial condition,
and its public disclosures.
The Company is currently working on the Plan to
regain compliance with respect to the Listing Rule 5250(c)(1) to
meet the requirements for continued listing on the Nasdaq Capital
Market. It intends to submit such Plan to Nasdaq as soon as
practicable prior to May 27, 2022.
About Mercurity Fintech Holding
Inc.
Mercurity Fintech Holding Inc. is a digital
fintech group powered by blockchain technology. The Company’s
primary business scope includes digital asset trading, asset
digitization, cross-border remittance and other services, providing
compliant, professional, and highly efficient digital financial
services to its customers. The Company recently began to narrow in
on Bitcoin mining, digital currency investment and trading, and
other related fields. This shift has enabled the company to deepen
its involvement in all aspects of the blockchain industry, from
production to circulation.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends 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,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update 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.
For more information, please
contact:
In China:
Mercurity Fintech Holding Inc.Qi WangTel: +86
133-3115-3191Email: communication@mfhfintech.com
In the United States:
International Elite Capital Inc. Vicky Chueng Tel:
+1(646) 866-7989 Email: mfhfintech@iecapitalusa.com
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