Etao International Co., Ltd. Ordinary Shares

ETAO

Market cap $9.78M

This press release has been corrected to include further details regarding the reverse stock split of ETAO International Co., Ltd. We hereby issue a formal amendment to supersede our previously released press release dated March 19, 2024.

Etao International (NASDAQ: ETAO ) stock is taking off on Wednesday after the company revealed plans for a reverse stock split. According to the company's press release, it's moving forward with a reverse stock split that was approved by shareholders during a Feb. 16, 2024 meeting.

NEW YORK , Jan. 12, 2024 /PRNewswire/ -- ETAO International Co. Ltd. announced today that it received a staff determination – Delinquency letter (the "Letter"), on January 5, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company has not yet filed its interim financial statements for the period ended June 30, 2023 (the "Filing"), it no longer complies with our Listing Rules (the "Rules") for continued listing.

Etao International (NASDAQ: ETAO ) stock is falling hard on Tuesday after getting a delisting update from the Nasdaq Exchange's Listing Qualifications Department. That update notes that the Nasdaq has decided to delist the company's shares at the start of business on Friday.

NEW YORK , Dec. 18, 2023 /PRNewswire/ -- ETAO International Co. Ltd. announced today that it received a staff determination letter (the "Letter"), on December 13, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of the determination from the Nasdaq staff (the "Staff") to delist the Company's securities from The Nasdaq Stock Market, because, as of December 11, 2023, the Company has not regained compliance with the bid price requirement as set forth Listing Rule 5550(a)(2) and is not eligible for a second 180 day period.