Exhibit 99.2
Sent via Email to: lixin@ihangmei.com; liuyan@ihangmei.com; wuwei1@ihangmei.com
October 29, 2019
Mr. Xin Li
Chief Financial Officer
AirNet Technology Inc.
15/F, Sky Plaza, No. 46 Dongzhimenwai Street
Dongcheng District, Beijing 100027
The People’s Republic of China
Re: | AirNet Technology Inc. (the “Company”) |
Nasdaq Symbol: ANTE |
Dear Mr. Li:
On September 24, 2019, Staff notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, Staff has determined that for the last 10 consecutive business days, from October 15 through October 28, 2019, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.
If you have any questions, please contact me at +1 301 978 8034.
Sincerely,
W. Wayne Bush, CFA | |
Director | |
Nasdaq Listing Qualifications |