Item 8.01 Other Events.
On September 16, 2024, Greenpro Capital, Corp. (the "Company") received notice from The NASDAQ Stock Market ("Nasdaq") that, because the closing bid price for the Company's common stock had fallen below $1.00 per share for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2). However, the Nasdaq Listing Rules also provide the Company a compliance period of 180 calendar days (i.e. by March 17, 2025) in which to regain compliance.
On December 5, 2024, the Company received notification from the Nasdaq that it had determined that for the last 10 consecutive business days from November 20, 2024 to December 4, 2024, the closing bid price of the Company's common stock had been at $1.00 per share or greater and accordingly, the Company has regained compliance with the Nasdaq Listing Rule 5550(a)(2) and this matter is now closed.