Luokuang Technology faces delisting risk due to non-compliance with Nasdaq listing rules

According to the official website of the U.S. Securities and Exchange Commission, Luokung Technology, a spatiotemporal intelligent big data service provider, received a notice from Nasdaq on February 11, stating that it failed to meet the requirements of Nasdaq Listing Rule 5550 (b) and decided to reject its continued listing application. Luokung Technology mainly provides high-precision map services, builds city-level and industry-level holographic spatiotemporal digital twin systems, and serves the fields of intelligent transportation, natural resource asset management, and LBS intelligent industry applications.