Iveda Announces Compliance with Nasdaq Bid Price Requirement
02 October 2024 - 10:30PM
Business Wire
Iveda (NASDAQ: IVDA), the global leader in cloud-based AI, today
announced that the Company has regained compliance with Nasdaq's
minimum bid price requirement set forth in Nasdaq Listing Rule
5550(a)(2). This compliance follows Iveda’s stock trading above
$1.00 per share for 10 consecutive business days. Accordingly,
Nasdaq has confirmed that the matter is now closed.
“We are pleased to announce that Iveda has regained full
compliance with Nasdaq's listing requirements,” said David Ly, CEO
of Iveda. “Our team remains committed to advancing our innovative
AI and IoT technologies to support smart city initiatives and
global safety applications. We also believe maintaining our NASDAQ
listing is important to our ultimate value creation for our
shareholders.”
About Iveda Solutions®
Iveda (NASDAQ: IVDA) provides global solutions for cloud-based
video AI search and surveillance technologies that protect the
people, places, and things that matter most. Iveda’s technology
delivers instant intelligence to existing infrastructure, enabling
cities and organizations worldwide to seamlessly enter the fifth
industrial revolution. Iveda operates at the forefront of the
digital transformation of cities across the globe, using IoT
platforms with smart sensors and devices to support public safety,
security, elderly care, energy efficiency, and environmental
preservation. Headquartered in Mesa, Arizona, with a subsidiary in
Taiwan, Iveda is publicly traded under the ticker symbol
“IVDA.”
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Olivia Civiletto Erwin iveda@dottedlinecomm.com
Iveda Solutions (NASDAQ:IVDA)
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