Remark Holdings, Inc. (NASDAQ:MARK), a diversified global technology company with leading artificial intelligence powered computer vision solutions, today announced that it received a letter from The Nasdaq Stock Market LLC confirming that it has regained compliance with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). Accordingly, the Nasdaq Hearings Panel has determined that the Company’s common stock will continue to be listed on the Nasdaq Stock Market and as a result, considers this matter now closed.
“We are pleased to once again regain compliance with the Nasdaq’s listing requirements and are grateful for the patience and support of our investors while management and the board of directors worked diligently to achieve this end,” said Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings Inc. “With this matter now resolved, we remain focused on continuing to grow our public security business domestically in the United States and internationally in the UK and Asia, by providing customer-centric solutions that solve security problems and concerns.”
