Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) (“Cuentas” or the “Company”), an innovative, leading technology company, today announced that the Company has received formal notification from the NASDAQ Hearings Panel (the “Panel”) that the Company has evidenced full compliance with the minimum bid price requirement and all other applicable criteria for continued listing on The NASDAQ Stock Market, that all compliance matters have been resolved, and that the Panel has closed the Company’s compliance file.
To evidence compliance with the minimum bid requirement, the Company needed to evidence a closing bid price of at least $1.00 per share for a minimum of ten, but generally not more than 20, consecutive business days. The Panel has determined to continue the listing of the Company’s securities on The NASDAQ Stock Market and the Company has no further deficiencies.
