Happiness Development Group Limited (“HAPP” or the “Company”), (NASDAQ:HAPP) an emerging and diversified company engaging in the business of production and sale of nutraceutical and dietary supplements, of e-commerce and providing marketing solutions, and of the sales of automobile, today announced that on May 11, 2022, the Company received a written notification from the Nasdaq’s Listing Qualifications Department, granting the Company another 180 calendar days extension, or until November 7, 2022, to regain compliance with Nasdaq’s minimum bid price requirement.
The Company can cure this deficiency if the closing bid price of its Class A ordinary shares is $1.00 per share or higher for at least 10 consecutive business days during this second compliance period. The Company intends to regain compliance with the minimum bid price requirement on or before November 7, 2022 and is considering all available options, including a reverse stock split if necessary. During this time, the Company’s Class A ordinary shares will continue to be listed and traded on the Nasdaq Capital Market, and this notice will have no effect on the operations of the Company’s business.
About Happiness Development Group Limited
