SINGAPORE, Nov 1, 2023 – (ACN Newswire) – JE Cleantech Holdings Restricted (NASDAQ: JCSE) (“JE Cleantech” or the “Firm”), a Singapore-headquartered cleantech firm, launched nowadays that it has obtained formal notice from The Nasdaq Inventory Market LLC (“Nasdaq”) that the Firm has regained compliance with the minimum expose brand requirement below the Nasdaq Itemizing Rule 5550 (a)(2) for persevered itemizing on The Nasdaq Capital market. The Nasdaq Itemizing Rule 5550(a)(2) requires listed securities to support a minimum closing expose brand of $1.00 per fragment for as a minimum 10 consecutive industrial days.
To get compliance, the Firm initiated a 1-for-3 Portion Consolidation so that every prominent neatly-liked fragment grew to radically change 1 fragment (“Reverse Inventory Damage up”), and the overall kind of licensed Fashioned Shares used to be lowered from 15,020,000 to 5,006,666 and the par brand per fragment elevated from $0.001 to S$0.003.
Following the Reverse Inventory Damage up, the day to day closing expose brand of the Firm’s neatly-liked shares remained above $1.00 per fragment for ten consecutive industrial days from October 16, 2023 to October 27, 2023. Consequently, the Firm is now in compliance with all applicable Nasdaq itemizing standards and the prior expose brand deficiency matter is now closed.
About JE Cleantech Holdings Restricted
JE Cleantech Holdings Restricted is predicated mostly in Singapore and is regularly engaged in (i) the sale of cleansing methods and more than a few equipment; and (ii) the provision of centralized dishwashing and ancillary providers. By its subsidiary, JCS-Echigo Pte Ltd, the Firm designs, develops, manufactures, and sells cleansing methods for assorted industrial extinguish-use purposes, primarily to customers in Singapore and Malaysia. Its cleansing methods are mainly designed for precision cleansing, with aspects akin to particle filtration, ultrasonic or megasonic rinses with a wide series of frequencies, excessive-stress drying abilities, excessive scurry with the circulate rate spray, and deionized water rinses, which can even very neatly be designed for efficient elimination of contaminants and to decrease particle generation and entrapment. The Firm also has equipped centralized dishwashing providers by its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and authentic cleansing providers since 2015, both mainly for food and beverage institutions in Singapore. For extra facts about JE Cleantech, please discuss over with our web role: www.jecleantech.sg.
Disclaimer: Forward having a survey statements
This press launch contains ahead-having a survey statements all the absolute most practical draw by the meaning of the Inner most Securities Litigation Reform Act of 1995, in conjunction with statements relating to the lengthy scoot efficient date and supposed outcomes of the reverse stock reduce up, in conjunction with whether or not the reverse stock reduce up will prolong the value, marketability, liquidity, and investor allure of the Firm’s Fashioned Shares and the Firm’s ability to support the itemizing of its Fashioned Shares on Nasdaq. Typically, statements that aren’t historical information, in conjunction with statements relating to imaginable or assumed future actions, industrial techniques, events, or outcomes of operations, are ahead-having a survey statements. These statements may perhaps even be preceded by, adopted by, or encompass the words “believes,” “estimates,” “expects,” “initiatives,” “forecasts,” “may perhaps also objective,” “will,” “procedure,” “may perhaps also objective composed,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “proceed” or equal expressions.
Forward-having a survey statements comprise risks and uncertainties that may set aside of residing off unswerving events, outcomes, or performance to differ materially from those indicated by such statements. These ahead-having a survey statements are per JCSE’s administration’s contemporary expectations and beliefs, as neatly as assumptions relating to future events. On the opposite hand, there may perhaps also be no assurance that the events, outcomes, or traits identified in these ahead-having a survey statements will happen or be achieved. Forward-having a survey statements keep up a correspondence finest as of the date they’re made, and JCSE is not below any responsibility and expressly disclaims any responsibility to replace, alter, or otherwise revise any ahead-having a survey observation, whether or not as a outcomes of contemporary files, future events, or otherwise, with the exception of as required by law.
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Subject: Press launch summary
Source: JE Cleantech Holdings Restricted
Sectors: Electronics, Science & Nanotech, Atmosphere, ESG, Different Energy, Engineering
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