Color Star Technology Co., Ltd. (NASDAQ: CSCW) Announces Receipt of Extension to Meet the Nasdaq’s Minimum Bid Price Requirement | News

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NEW YORK,  April 27, 2022 /PRNewswire/ — Shade Star Engineering Co., Ltd. (Nasdaq: CSCW) (“Shade Star” or the “Organization”), an amusement technological know-how business with a world wide network that focuses on the application of technological innovation and artificial intelligence in the entertainment sector, announces today that on April 26, 2022, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Business that it is eligible for an more 180 calendar day time period, or until eventually Oct 24, 2022, to get back compliance with the Nasdaq’s least $1 bid price for each share need.

The Firm was to start with notified by Nasdaq of its failure to manage a minimal bid price tag of $1.00 per share for 30 consecutive buying and selling times below Nasdaq Listing Rule 5550(a)(2) and 5810(c)(3)(A) on Oct 27, 2021, and was provided until eventually April 25, 2022 to regain compliance. The Enterprise did not regain compliance with the minimum amount $1 bid cost for every share prerequisite through the first 180-calendar-working day compliance period of time and has submitted the composed observe of its intention to cure the deficiency during the 2nd compliance period of time.

If at any time ahead of October 24, 2022, the bid rate of the Firm’s standard shares closes at or earlier mentioned $1 for every share for a bare minimum of 10 consecutive investing days, the Enterprise will regain compliance with the Nasdaq Listing Policies, and the make any difference will be closed.

About Coloration Star Technologies Co., Ltd.

Color Star Technological know-how Co., Ltd. (Nasdaq: CSCW) is an enjoyment and instruction enterprise that offers on-line amusement performances and on the net tunes training solutions. Its company operations are done by means of its wholly-owned subsidiaries, Colour China Leisure Ltd. and CACM Team NY, Inc. The Company’s on line education and learning is presented through its Color World tunes and leisure training platform. A lot more data about the Corporation can be discovered at www.colorstarinternational.com.

Ahead-Wanting Statement

This push launch consists of ahead-wanting statements as defined by the Private Securities Litigation Reform Act of 1995. Ahead-searching statements consist of statements regarding options, aims, goals, procedures, long term functions or general performance, and fundamental assumptions and other statements that are other than statements of historical info. When the Business uses words this sort of as “may,” “will,” “intend,” “should really,” “think,” “hope,” “anticipate,” “job,” “estimate” or equivalent expressions that do not relate exclusively to historical issues, it is making forward-hunting statements.  Ahead-wanting statements are not assurance of future general performance and contain challenges and uncertainties that could bring about the true final results to differ materially from the Company’s expectations discussed in the forward-on the lookout statements. These statements are subject matter to uncertainties and dangers including, but not restricted to, the following:  the Firm’s ambitions and strategies the Firm’s long run organization improvement, such as the growth of the metaverse job products and company desire and acceptance modifications in engineering economic problems the development of the academic and teaching expert services sector internationally exactly where CSCW conducts its business enterprise name and manufacturer the effect of opposition and pricing federal government polices fluctuations in normal financial and company situations and assumptions underlying or linked to any of the foregoing and other dangers contained in stories submitted by the Business with the Securities and Trade Commission.  For these motives, amid other people, investors are cautioned not to location undue reliance upon any ahead-searching statements in this push release. Additional things are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are out there for critique at www.sec.gov. The Corporation undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that occur soon after the day hereof except if necessary by relevant legal guidelines, polices or policies.

 

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Resource Shade Star Know-how Co., Ltd.



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