AirNet Technology Inc. has regained compliance with Nasdaq's minimum bid price requirement as of July 24, 2025.
Quiver AI Summary
AirNet Technology Inc. announced that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires its ordinary shares to maintain a minimum bid price of $1.00. Nasdaq confirmed this compliance after the company’s shares traded at or above the $1.00 mark for ten consecutive business days from July 10 to July 23, 2025. As a result, the issue regarding the bid price deficiency is now resolved. The press release also contains forward-looking statements regarding the company's future plans and potential challenges, urging investors to be cautious about relying on these statements due to inherent risks and uncertainties.
Potential Positives
- The company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which enhances its credibility and market status.
- The Ordinary Shares have maintained a bid price of $1.00 or greater for 10 consecutive business days, indicating a positive trend in share value.
- The closure of the bid price deficiency matter alleviates concerns among investors about potential delisting.
Potential Negatives
- The announcement indicates the company was previously non-compliant with Nasdaq Listing Rule 5550(a)(2), which suggests ongoing challenges in maintaining its stock price.
- The forward-looking statements caution investors about potential risks and uncertainties, implying a lack of confidence in future performance.
- Complying with listing rules suggests the company has faced significant pressures related to its stock, which may negatively impact investor perception and confidence.
FAQ
What recent compliance achievement did AirNet Technology Inc. announce?
AirNet Technology Inc. announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding its share price.
What is Nasdaq Listing Rule 5550(a)(2)?
This rule requires a company's ordinary shares to maintain a minimum bid price of $1.00 per share.
When did AirNet meet the compliance requirement?
AirNet met the compliance requirement after maintaining a bid price of at least $1.00 from July 10 to July 23, 2025.
What does regaining compliance mean for AirNet's shares?
Regaining compliance means that AirNet's bid price deficiency matter is now closed, allowing its shares to remain listed on Nasdaq.
Are there any risks associated with AirNet’s forward-looking statements?
Yes, there are risks and uncertainties that may cause actual results to differ from AirNet's forward-looking statements.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ANTE Hedge Fund Activity
We have seen 5 institutional investors add shares of $ANTE stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP added 26,485 shares (+inf%) to their portfolio in Q1 2025, for an estimated $12,307
- TWO SIGMA SECURITIES, LLC added 22,827 shares (+inf%) to their portfolio in Q1 2025, for an estimated $10,607
- UBS GROUP AG added 21,000 shares (+41.9%) to their portfolio in Q1 2025, for an estimated $9,758
- CITADEL ADVISORS LLC removed 19,634 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $9,123
- XTX TOPCO LTD removed 7,440 shares (-40.9%) from their portfolio in Q1 2025, for an estimated $3,457
- RHUMBLINE ADVISERS removed 5,313 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,468
- BNP PARIBAS FINANCIAL MARKETS added 200 shares (+inf%) to their portfolio in Q1 2025, for an estimated $92
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BEIJING, July 29, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), announced today that it received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) on July 24, 2025 that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company’s ordinary shares, par value $0.04 each (the “Ordinary Shares”) to maintain a minimum bid price of $1.00 per share.
The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from July 10, 2025, to July 23, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this bid price deficiency matter is now closed.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.
Company Contact
Penny Pei
Investor Relations
AirNet Technology Inc.
Tel: +86-10-8460-8678
Email: [email protected]
