Form 8-K · Current Report · Filed 2024-04-22
Nasdaq Granted Temporary Exception to Asset Entities Inc.
On April 18, 2024, Asset Entities Inc. received a notice from the Nasdaq Hearings Panel that the Panel had determined to grant the Company a temporary exception to regain compliance with Nasdaq Listing Rule 5550(a)(2), also known as the Bid Price Rule, until July 17, 2024. The Company was granted this exception due to currently having no other deficiencies with respect to the Nasdaq listing standards. The exception is subject to compliance with certain other terms, and the Panel reserved the right to reconsider the terms based on any event, condition, or circumstance.
- Filer
- Strive, Inc. ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-034925
- CIK
- 0001920406
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Notice of Delisting or Failure to Satisfy a Listing Rule
Market reaction
Close before filing
$40.20
Next session
-1.0%
Since filing
-27.8%
Latest close
$29.04
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ASST reporting the same item, with the next session's move:
About Strive, Inc.
Strive, Inc. is an asset management company specializing in Bitcoin treasury strategies and structured finance solutions. It operates as an institutional asset manager, emphasizing disciplined capital allocation to create long-term value through the accumulation and management of Bitcoin holdings. The company provides services focused on maximizing shareholder value via a Bitcoin-centric balance sheet approach, including treasury operations that prioritize increasing Bitcoin per share. Strive, Inc. serves institutional clients and shareholders interested in cryptocurrency-integrated asset management, offering exposure to Bitcoin as a core reserve asset. Its offerings extend to advocating and implementing innovative treasury policies that integrate digital assets into corporate finance. Founded in the United States, Strive, Inc. plays a distinctive role in the investment management sector by bridging traditional finance with Bitcoin adoption, enabling companies and investors to incorporate cryptocurrency into their financial frameworks.
Never miss another ASST filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.