Mobile-health Network Solutions Delinquency Notification Letter From Nasdaq

SINGAPORE, Sept. 20, 2024 (GLOBE NEWSWIRE) — Cellular-health Community Options (Nasdaq: MNDR) (“MaNaDr” or “the Firm”), a number one Asia-Pacific telehealth supplier, immediately introduced that it obtained a discover dated September 18, 2024, from the Listings {Qualifications} Division (the “Workers”) of The Nasdaq Inventory Market LLC (“Nasdaq”) notifying the Firm that the minimal bid value per share of its Class A extraordinary shares (“Class A Atypical Shares”) was under $1.00 for a interval of 30 consecutive enterprise days and that the Firm didn’t meet the minimal bid value requirement set forth in Nasdaq Itemizing Rule 5550(a)(2) (the “Minimal Bid Worth Rule”). The Nasdaq notification letter doesn’t end result within the rapid delisting of the Firm’s Class A Atypical Shares, and the shares will proceed to commerce uninterrupted underneath the image “MNDR.”

Pursuant to Nasdaq Itemizing Rule 5810(c)(3)(A), the Firm has a compliance interval of 100 eighty (180) calendar days, or till March 17, 2025 (the “Compliance Interval”), to regain compliance with Nasdaq’s minimal bid value requirement. If at any time through the Compliance Interval, the closing bid value per share of the Firm’s Class A Atypical Shares is a minimum of $1.00 for at least ten (10) consecutive enterprise days, Nasdaq will present the Firm a written affirmation of compliance, and the matter will likely be closed.

Within the occasion the Firm doesn’t regain compliance by March 17, 2025, the Firm could also be eligible for an extra 180 calendar day grace interval. To qualify, the Firm will likely be required to satisfy the continued itemizing requirement for the market worth of publicly held shares and all different preliminary itemizing requirements for the Nasdaq Capital Market, except the bid value requirement, and might want to present written discover of its intention to treatment the deficiency through the second compliance interval, together with by effecting a reverse inventory break up, if obligatory. If the Firm chooses to implement 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 granted.

About Cellular-health Community Options

Ranked #41 within the Monetary Occasions 2024 itemizing of 500 Excessive-growth Asia-Pacific Corporations, we’re the primary telehealth supplier from the Asia-Pacific area to be listed within the US. By way of our MaNaDr platform, we provide customized and dependable medical consideration to customers worldwide. Our platform permits our group of healthcare suppliers to have a broader attain to customers via digital clinics with none start-up prices and the flexibility to hook up with a world community of peer-to-peer assist teams and companions. Our vary of seamless and hassle-free telehealth options contains teleconsultation providers, prescription achievement and different customized providers resembling weight administration packages and gender-specific care. For extra info, please go to https://buyers.manadr.com/.

FORWARD-LOOKING STATEMENTS

Sure statements contained on this press launch about future expectations, plans and prospects, in addition to another statements relating to issues that aren’t historic information, might represent “forward-looking statements” inside the which means of the Non-public Securities Litigation Reform Act of 1995. These statements embrace, however aren’t restricted to, statements referring to the anticipated buying and selling graduation and shutting dates. The phrases “anticipate,” “consider,” “proceed,” “may,” “estimate,” “anticipate,” “intend,” “might,” “plan,” “potential,” “predict,” “venture,” “ought to,” “goal,” “will,” “would” and comparable expressions are meant to establish forward-looking statements, though not all forward-looking statements comprise these figuring out phrases. Ahead-looking statements aren’t ensures of future efficiency and contain dangers and uncertainties that will trigger the 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 potential to execute our methods, handle progress and preserve our company tradition; the Firm’s future enterprise growth, monetary circumstances and outcomes of operations; expectations relating to demand for and market acceptance of our services and products; adjustments in expertise; financial circumstances; the expansion of the telehealth options business in Singapore and the opposite worldwide markets the Firm plans to serve; repute and model; the impression of competitors and pricing; authorities rules; fluctuations usually financial and enterprise circumstances in Singapore and the worldwide markets the Firm plans to serve and assumptions underlying or associated to any of the foregoing and different dangers contained in reviews filed by the Firm with the SEC. For these causes, amongst others, buyers are cautioned to not place undue reliance upon any forward-looking statements on this press launch. Any forward-looking statements contained on this press launch converse solely as of the date hereof, and Cellular-health Community Options particularly disclaims any obligation to replace any forward-looking assertion, whether or not because of new info, future occasions or in any other case, besides as required by regulation.

For media inquiries, please contact:

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

Investor Relations Inquiries:
Skyline Company Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5^th Ground
New York, New York 10036
Workplace: (646) 893-5835
E-mail: information@skylineccg.com