Naked Brand Group Limited Receives NASDAQ Notice of Minimum Bid Price Non-Compliance

Author's Avatar
Apr 29, 2021

SYDNEY, AUSTRALIA / ACCESSWIRE / April 29, 2021 / Naked Brand Group Limited (NASDAQ:NAKD) ("Naked" or the "Company"), a global leader in intimate apparel, has received a letter from the Listing Qualifications Department of The Nasdaq Capital Market ("Nasdaq") notifying the company that the minimum bid price for the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days, and that the company therefore did not meet the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2).