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AirNet Technology Inc. (ANTE)

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1.3800+0.2600 (+23.21%)
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  • AirNet Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
    PR Newswire

    AirNet Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement

    AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter (the "Notification Letter on Compliance") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") dated November 13, 2020, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules (the "Minimum Bid Price Requirement").

  • AirNet Entered into Equity Purchase Framework Agreement with BitGeek Information Technology Co., Ltd.
    PR Newswire

    AirNet Entered into Equity Purchase Framework Agreement with BitGeek Information Technology Co., Ltd.

    AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it has entered into an equity purchase framework agreement (the "Agreement") with BitGeek Information Technology Co., Ltd. ("BitGeek") and BitGeek's shareholders, independent third parties of the Company, to purchase 100% of the equity interests in BitGeek with an issuance of ordinary shares of the Company to BitGeek's shareholders. Details pertaining to the purchase will be further discussed and stipulated in a binding agreement among the parties after completion of the valuation of BitGeek.

  • AirNet Announces Receipt of Deficiency Letter from Nasdaq
    PR Newswire

    AirNet Announces Receipt of Deficiency Letter from Nasdaq

    AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter dated September 16, 2020 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders' equity. In the Company's Form 20-F for the fiscal year ended December 31, 2019, the Company reported a negative stockholders' equity of approximately $19 million. Nasdaq also determined that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations for continued listing.