Mercurity Fintech Holding Inc. Regains Compliance with Nasdaq Listing Rule 5250(c)(1)
24 Juin 2022 - 11:00PM
Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq:
MFH), a digital fintech group powered by blockchain technology,
today announced that it received written notice from the Listing
Qualifications Department of the Nasdaq Stock Market ("Nasdaq")
stating that the Company has regained compliance with the Nasdaq
Listing rule 5250(c)(1) and the matter is now closed.
The Company was previously notified by Nasdaq on
May 13, 2022, that it was not in compliance with Nasdaq’s Listing
Rule 5250(c)(1) due to the failure to file its annual report on
Form 20-F for the period ended December 31, 2021. The Company
regained compliance with such Nasdaq continued listing requirement
as a result of filing the annual report on Form 20-F on June
15, 2022, for the period ended December 31, 2021.
About Mercurity Fintech Holding Inc.
Limited
Mercurity Fintech Holding Inc. is a digital
fintech group powered by blockchain technology. The Company’s
primary business scope includes digital asset trading, asset
digitization, cross-border remittance and other services, providing
compliant, professional, and highly efficient digital financial
services to its customers. The Company recently began to narrow in
on Bitcoin mining, digital currency investment and trading, and
other related fields. This shift has enabled the company to deepen
its involvement in all aspects of the blockchain industry, from
production to circulation.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends 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,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update 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.
For more information, please
contact:
In China:Mercurity Fintech Holding Inc.Qi
WangTel: +86 133-3115-3191Email: communication@mfhfintech.com
In the United States:International Elite Capital Inc.
Vicky Chueng Tel: +1(646) 866-7989
Email: mfhfintech@iecapitalusa.com
Mercurity Fintech (NASDAQ:MFH)
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