Exhibit 99.2
NASDAQ REGULATION
Sent via Electronic Delivery to: jconnerty@ctiindustries.com
May 25, 2021
Ms. Jennifer Connerty
Chief Financial Officer
Yunhong CTI, Ltd.
22160 N. Pepper Road
Lake Barrington, IL 60010
Re: Yunhong CTI Ltd. (the “Company”)
Dear Ms. Connerty:
On December 21, 2020, Staff notified the Company that it did not comply with the minimum $2.5 million stockholders’ equity, or $35 million market value of listed securities, or $500,000 of net income from continuing operations requirements for The Nasdaq Capital Market set forth in Listing Rules 5550(b)(1), or 5550(b)(2), or 5550(b)(3) (the “Rules”), respectively. Based on the Company’s Form 10-Q for the period ended March 31, 2021 filed on May 24, 2021, evidencing stockholders’ equity of $3,823,035, Staff has determined that the Company complies with the Rules and this matter is now closed.
If you have any questions, please contact me, at + 1 301 978 8072.
Sincerely,
/s/ Rachel Scherr
Rachel Scherr
Associate Director
Nasdaq Listing Qualifications