ZK International Notifies Market of Nasdaq Listing Deficiency Notices

WENZHOU, China, February 22, 2024 – ZK International Group Co., Ltd. ZKIN, an established manufacturer of specialty steel products, has disclosed receipt of formal notices from Nasdaq, concerning the company's failure to meet certain listing requirements. The notices pertain to the minimum bid price mandate, as well as a delay in the submission of timely financial filings. The organisation, which calls Wenzhou, People's Republic of China its home, is recognised for its precision in fabricating thin wall stainless steel, carbon steel pipes, and an array of related fittings.

Details on the Nasdaq Listing Deficiencies

ZK International, trading under ticker symbol ZKIN, was alerted by Nasdaq to two separate infractions of the exchange's listing rules. Initially, the company was flagged for its stock bid price falling below the minimum required benchmark over a prolonged period. Additionally, ZKIN received notification of non-compliance due to not meeting the deadline for filing required periodic financial statements. In response to the notices, ZK International has declared its intent to regain compliance with Nasdaq's listing regulations.

ZKInternational, Nasdaq, Compliance