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Technology company, Freight Technologies ( NASDAQ: FRGT ) regains Nasdaq compliance for the minimum bid price requirement.
The company had received notice on October 26, 2022 as the closing bid price for the Company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days.
Nasdaq staff had determined that for the last 11 consecutive business days, from March 24 through April 10, 2023, the closing bid price of the company’s ordinary shares had been at $1.00 per share or greater.