Mobile-health Network Solutions Delinquency Notification Letter From Nasdaq

SINGAPORE, September 20, 2024 (GLOBE NEWSWIRE) — Cell Healthcare Community Options (Nasdaq: MNDR) (“MaNaDr” or “the corporate”) a number one telehealth supplier in Asia Pacific, right this moment introduced that it has obtained a discover dated September 18, 2024 from the Listings {Qualifications} Division (the “Workers”) of The Nasdaq Inventory Market LLC (“Nasdaq”) by which the Firm is suggested that the minimal bid value per share of its Class A standard inventory (“Class Frequent Inventory”) has been lower than $1.00 for a interval of 30 consecutive enterprise days and that the Firm has not met the minimal bid value requirement set forth in Nasdaq Itemizing Rule 5550(a) (2) (the “Minimal Bid Value Rule”). The Nasdaq notification letter is not going to end result within the quick delisting of the Firm’s Class A standard inventory, and the shares will proceed to commerce constantly beneath the image “MNDR.”

In accordance with Nasdaq Itemizing Rule 5810(c)(3)(A), the Firm may have a compliance interval of 100 eighty (180) calendar days, or till March 17, 2025 (the “Compliance Interval”), to regain compliance with the Minimal Bid Value Requirement from Nasdaq. If at any time through the Compliance Interval the closing bid value per share of the Firm’s Class A standard inventory is not less than $1.00 for no less than ten (10) consecutive enterprise days, Nasdaq will present the Firm with written affirmation of compliance, and the case will probably be closed.

If the Firm doesn’t return to compliance by March 17, 2025, the Firm could also be eligible for a further grace interval of 180 calendar days. To qualify, the Firm will probably be required to satisfy the continual itemizing necessities for the market worth of publicly traded securities and all different preliminary itemizing requirements for the Nasdaq Capital Market, besides the bid value requirement, and can present written discover of its intention to resolve the shortfall through the second compliance interval, together with by conducting a reverse inventory break up, if crucial. If the Firm elects to impact a reverse inventory break up, it should full the break up no later than ten (10) enterprise days previous to March 17, 2025 or the expiration of the second compliance interval, if permitted.

About cellular healthcare community options

We’re ranked #41 on the Monetary Occasions 2024 record of Asia Pacific’s 500 Excessive Progress Firms and are the primary Asia Pacific telehealth supplier to be listed within the US. Via our MaNaDr platform, we offer customized and dependable medical consideration to customers world wide. Our platform allows our neighborhood of healthcare suppliers to have a broader attain to customers by means of digital clinics, with no setup prices and the flexibility to connect with a world community of peer-to-peer assist teams and companions. Our vary of seamless and hassle-free telehealth options consists of teleconsultation companies, prescription achievement and different customized companies equivalent to weight administration applications and gender-specific care. For extra info, please go to https://buyers.manadr.com/.

FORWARD-LOOKING STATEMENTS

Sure statements on this press launch relating to future expectations, plans and prospects, in addition to some other statements of issues that aren’t historic details, could also be “forward-looking statements” inside the which means of the Personal Securities Litigation Reform Act of 1995. These statements embrace, however will not be restricted to, statements relating to the anticipated begin and shut dates of buying and selling. The phrases ‘anticipate’, ‘imagine’, ‘proceed’, ‘might’, ‘estimate’, ‘count on’, ‘intend’, ‘might’, ‘plan’, ‘potential’, ‘predict’, ‘challenge ‘ “would”, “goal”, “will”, “would possibly” and comparable expressions are meant to determine forward-looking statements, though not all forward-looking statements include these figuring out phrases. Ahead-looking statements will not be ensures of future efficiency and contain dangers and uncertainties that would trigger precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers, together with, however not restricted to, the next: the Firm’s capability to execute our methods, handle progress and maintain our company tradition; the corporate’s future enterprise growth, monetary circumstances and outcomes of operations; expectations relating to demand for and market acceptance of our services; adjustments in know-how; financial circumstances; the expansion of the telehealth options sector in Singapore and the opposite worldwide markets the corporate plans to serve; fame and model; the impression of competitors and pricing; authorities rules; fluctuations typically financial and enterprise circumstances in Singapore and the worldwide markets that the Firm intends to serve and assumptions underlying or referring to any of the foregoing and different dangers included in experiences submitted by the Firm to the SEC have been filed. For these causes, amongst different issues, buyers are cautioned to not place undue reliance on any forward-looking statements contained on this press launch. All forward-looking statements contained on this press launch communicate solely as of the date hereof, and Cell-health Community Options particularly disclaims any obligation to replace any forward-looking assertion, whether or not on account of new info, future occasions or in any other case, besides as required by regulation .

For media inquiries please contact:

Cell Healthcare Community Options Investor Relations Contact:
2 Enterprise Drive, #07-06/07 Imaginative and prescient Trade
Singapore 608526
(+65) 6222 5223
E mail: buyers@manadr.com

Investor relations questions:
Skyline Company Communications Group, LLC
Scott Powell, Chairman
1177 Avenue of the Americas, 5^e Flooring
New York, New York 10036
Workplace: (646) 893-5835
E mail: data@skylineccg.com