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AirNet Technology receives noncompliance notice from Nasdaq

AirNet Technology Inc. on Sept. 24 received a notice from the Nasdaq Stock Market regarding the company's failure to satisfy certain listing requirements.

The company's closing bid price per American depositary share has been below $1.00 for 30 consecutive business days.

AirNet Technology has 180 calendar days, or until March 23, 2020, to regain compliance with Nasdaq's minimum bid price requirement.

AirNet Technology provides in-flight connectivity, entertainment and digital multimedia services in China.