Lianluo Smart Limited ("Lianluo Smart" or the "Company") (NASDAQ: LLIT), a China based professional smart service and products provider announced today it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $2.2 million of its Class A Common Shares (the "Class A Common Shares") in a registered direct offering and warrants to purchase Class A Common Shares in a concurrent private placement.
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BEIJING, Sept. 18, 2019 /PRNewswire/ -- Lianluo Smart Limited ("Lianluo Smart" or the "Company") (Nasdaq: LLIT), a China based professional smart service and products provider announced today that on September 11, 2019, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company's common stock on Nasdaq.
Lianluo Smart Limited ("Lianluo Smart" or the "Company") (NASDAQ: LLIT), a China based professional smart service and products provider announced today it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $2.5 million of its Class A Common Shares (the "Class A Common Shares") in a registered direct offering and warrants to purchase Class A Common Shares in a concurrent private placement.
Lianluo Smart Limited (the "Company") announced today that it has received a letter from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on January 2, 2020, providing notification that the Company no longer complies with the minimum of $2.5 million in stockholders' equity for continued listing on The Nasdaq Capital Market under Nasdaq's Listing Rule 5550(b)(1) and that the Company also does not comply with either of the two alternative standards of Listing Rule 5550(b), the market value standard and the net income standard.
Lianluo Smart Limited ("Lianluo Smart" or the "Company") (NASDAQ: LLIT), a China based professional smart service and products provider announced today it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $3.4 million of its Class A Common Shares (the "Class A Common Shares") in a registered direct offering and warrants to purchase Class A Common Shares in a concurrent private placement.
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