Wunong Net Technology Company Limited
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Wunong issued a press release on May 19, 2021 “announc[ing] that it received written notification on May 18, 2021, from The Nasdaq Stock Market LLC that it no longer complies with Listing Rule 5250(c)(1) for continued listing in that it has failed to file its annual report on Form 20-F for the year ended December 31, 2020.” Investors were advised by Wunong that “[t]he Company is working aggressively to complete its audit and file its annual report on Form 20-F by June 30, 2021 and accordingly, regain compliance with the Nasdaq Rules ahead of the deadline to submit its plan to regain compliance.”
On May 20, 2021, Wunong’s stock price fell $0.48 or 6.43%, on this news, to close at $6.98.