According to Golden Finance, Bit Brother Limited disclosed that the company has received a delisting notice from Nasdaq, which was issued on January 30, stating that it intends to use the powers specified in Rule 5101 of the Nasdaq Listing Rules to The reason for delisting Bit Brother from Nasdaq is based on the fact that Bit Brother’s two registered offerings on October 25, 2023 and December 5, 2023 had a cashless exercise clause. concerns arising from these warrants and related public interest concerns arising from such transactions.
However, this delisting notice will not have an immediate impact on the listing and trading of Bit Brother Limited. Nasdaq has allowed it to participate in the hearing on February 27 to explain. Before the hearing process is completed, Nasdaq will Any suspension or delisting actions continue to be put on hold.
