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CNET > SEC Filings for CNET > Form 8-K on 12-Jun-2014All Recent SEC Filings

Show all filings for CHINANET ONLINE HOLDINGS, INC.

Form 8-K for CHINANET ONLINE HOLDINGS, INC.


12-Jun-2014

Notice of Delisting or Failure to Satisfy a Continued Listing Rule


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On June 11, 2014, ChinaNet Online Holdings, Inc. (the "Company") received a letter from The NASDAQ Stock Market LLC ("NASDAQ"). NASDAQ indicated in its letter that, based upon the closing bid price for the last 30 consecutive business days, the Company no longer meets the requirement set forth in Listing Rule 5550, which requires listed securities to maintain a minimum bid price of $1 per share.

According to the Listing Rule 5810, the Company now has a period of 180 calendar days from such letter , or until December 8, 2014, to regain compliance. Compliance can be achieved by meeting the standard of a minimum bid price of $1 per share for a minimum of 10 consecutive business days at any time during the 180 day period. The Company is currently looking at all of the options available with respect to regaining such compliance.


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