Oriental Rise Provides Update Regarding Nasdaq Delisting Decision and Request for Reconsideration
Oriental Rise Holdings Limited received a delisting decision from the Nasdaq Hearings Panel due to failure to maintain a share price above the $1.00 minimum bid price requirement. The company implemented a 1-for-4 reverse stock split that pushed its trading price above $2.00, but Nasdaq did not stay the suspension of trading. Oriental Rise is pursu…