Swvl Holdings Regains Nasdaq Compliance
Benzinga Newsdesk 6 months ago
News
Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-enabled mass mobility solutions for enterprises and governments, today announced that it has received a letter from the staff
Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-enabled mass mobility solutions for enterprises and governments, today announced that it has received a letter from the staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3), which require the Company to maintain a minimum stockholders' equity of $2.5 million (the "Equity Standard") and net income of $500,000 from continuing operations (the "Net Income Standard"), respectively.