TechFlow news — Bit Brother Limited has recently disclosed that it has received a delisting notice from Nasdaq, issued on January 30, stating the intent to delist Bit Brother under the authority granted by Nasdaq Listing Rule 5101.
The decision stems from concerns regarding certain warrants with cashless exercise provisions registered by Bit Brother in two offerings on October 25, 2023, and December 5, 2023, as well as related public interest concerns arising from these transactions.
This delisting notice will not immediately impact the listing or trading of Bit Brother Limited’s securities. Nasdaq has granted the company a hearing on February 27 to present its case, and prior to the conclusion of the hearing process, Nasdaq will continue to stay any suspension or delisting action.
