Business Context and Reporting Period
Company: Mobile-Health Network Solutions
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: March 26, 2025
Subject: Notice of Regained Compliance with Nasdaq Listing Rules regarding the minimum bid price requirement.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on regulatory compliance status.
Material Changes
Regulatory Status Change: The Company has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2).
Previous Status: On September 18, 2024, the Company received notice that its Class A ordinary shares traded below $1.00 for 30 consecutive business days, initiating an 180-day compliance period ending March 17, 2025.
Resolution: Although the Company initially failed to maintain the $1.00 minimum bid price over the 30 days preceding March 24, 2025, Nasdaq Staff determined that the closing bid price was at least $1.00 for the 10 consecutive business days from March 10 to March 21, 2025. Consequently, the deficiency matter is now closed.
Guidance, Outlook, and Risks
Outlook: The Company's Class A Ordinary Shares will continue to trade uninterrupted under the symbol "MNDR".
Risks: The filing addresses the risk of delisting due to non-compliance with the minimum bid price rule, which has been resolved for the current period. No other risks, contingencies, or unusual items are disclosed in this text.
Investor Verification Checklist
- Verify the current trading price of Class A Ordinary Shares (Symbol: MNDR) to ensure continued compliance with the $1.00 minimum bid price.
- Confirm that the Nasdaq listing status remains active and that no new deficiency notices have been issued.
- Review subsequent filings for any financial data, as this Form 6-K contains no financial performance metrics.