Roma Green Finance Limited Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
21 May 2024 - 8:30PM
Roma Green Finance Limited (NASDAQ: ROMA) disclosed that it had
received a notice (the “Notice”) from the Nasdaq Stock Market LLC
(“Nasdaq”) that ROMA is not currently in compliance with the $1.00
minimum bid price requirement for continued listing of the
Company’s ordinary shares (the “Ordinary Shares”) on the Nasdaq
Capital Market, as set forth in Nasdaq Listing Rules (the “Minimum
Bid Price Requirement”). The Notice indicated that the Company has
180 days, or until November 13, 2024 (the “Compliance Deadline”),
to regain compliance with the Minimum Bid Price Requirement by
having the closing bid price of the Ordinary Shares meet or exceed
$1.00 per Ordinary Share for at least ten consecutive business
days.
The Notice has no immediate effect on the
listing of the Company’s Ordinary Shares, which continue to trade
on The Nasdaq Capital Market under the symbol “ROMA”. The Company
intends to monitor the closing bid price of its Ordinary Shares and
may, if appropriate, consider implementing available options to
regain compliance with the Minimum Bid Price Requirement, including
a reverse stock split (i.e., a share consolidation). If the Company
does not regain compliance by the Compliance Deadline, the Company
may be afforded an additional 180 calendar day period to regain
compliance as provided by the Nasdaq Listing Rules.
About Roma Green Finance
Limited
The Company is based in Hong Kong and is
principally engaged in the provision of ESG, corporate governance
and risk management as well as sustainability and climate change
related advisory services. Its service offering mainly comprise the
following: (i) Sustainability Program Development, (ii) ESG
Reporting, (iii) Corporate Governance and Risk Management, (iv)
Climate Change Strategies and Solutions, (v) Environmental Audit,
(vi) ESG Rating Support and Shareholder Communication: The Company
helps clients to review and improve their ESG / sustainability
ratings with Bloomberg and other rating agencies, and (vii)
Education and Training.
Additional information about the Company is
available at http://www.romaesg.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“potential,” “continue” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s registration statement and other
filings with the SEC, which are available for review at
www.sec.gov.
Contact:
Roma Green Finance LimitedTel: +852 2529
6878Email: ir@roma-international.com
Ms. Katy ChanMetaverse Finance LimitedTel: + 852
2156 0223Email: ir@hbkstrategy.com
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