05:39 AM EDT, 09/24/2024 (MT Newswires) -- MicroAlgo ( VENAF ) said in a regulatory filing Monday that it has been notified that it is not in compliance with Nasdaq's minimum bid price requirement of $1 per share.

The company has 180 calendar days, or until March 24 to regain compliance. It may be eligible for an additional 180-day compliance period subject to determination by the bourse's listing qualifications department.

MicroAlgo ( VENAF ) said it plans to take "all reasonable measures to regain compliance."

Shares of the company soared over 44% in premarket activity Tuesday, after closing 1.7% lower in regular trading Monday.

Price: 0.29, Change: +0.09, Percent Change: +44.15