12:52 PM EDT, 06/11/2024 (MT Newswires) -- Caravelle International Group ( CACO ) said Tuesday it has regained compliance with the Nasdaq's minimum bid price requirements after its closing bid price has been at $1.00 per share or greater for the past 17 consecutive business days.

The company said the matter is now closed.

Shares of the company were down more than 3% in recent trading.

Price: 1.02, Change: -0.04, Percent Change: -3.77