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.
