ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Offer Price Requirement


LOS ANGELES, California, February 1, 2021 / PRNewswire / – ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a holding group providing business and financial advice in Asia and North America, today announced that it has received a notification from the Qualifications Department Nasdaq Stock Market (“Nasdaq”) listing that it has again complied with the minimum bid price requirement of $ 1.00 per share under the Nasdaq Listing Rules (the “Listing Rules”).

At January 28, 2021, the Nasdaq confirmed to the Company that for at least 10 consecutive business days, from January 12 to January 26, 2021, the closing bid price of the Company’s common shares was $ 1.00 per share or more. As a result, the Company has regained compliance with Listing Rule 5550 (a) (2) and this matter is now closed.

About ATIF Holdings Limited

Based at Los Angeles, California, ATIF Holdings Limited (“ATIF”) is a holding group specializing in asset management, investment holding and online financial reporting and providing advisory services to small and medium-sized enterprises in Asia and North America. ATIF operates an internet-based financial information services platform IPOEX.com, which provides premium membership services including market intelligence, pre-IPO training, IR media and networking services between SMEs and financial institutions. ATIF’s investment holding activity consists of providing capitalization advisory services, mergers and acquisitions advice and financial advice to SMEs. ATIF has advised several companies in China in their plans to become publicly traded in the United States. ATIF plans to launch a securities investment service and investment advisory service in the first quarter of 2021. For more information, please visit https://ir.atifchina.com/.

Forward-looking statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates”, “Forecast,” “expect”, “anticipate”, “forecast”, “forecast”, “intend”, “believe”, “seek”, “may”, “will”, “should”, “future”, “proposes” and variations of such words or expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements do not constitute a guarantee of performance, conditions or future results, and involve a number of known and unknown risks, uncertainties, assumptions and other significant factors, many of which are beyond the control of the Company, which could cause actual results or results to differ materially. t those mentioned in forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, revenues, expenses, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue operating through our VIE structure; ability to secure additional funding in the future to fund capital expenditures; ability to attract new customers and further improve brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial advisory services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the statements. prospective that we do. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements represent the beliefs and assumptions of our management only as of the date on which such statements are made. These forward-looking statements are made as of the date of this press release.

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SOURCE ATIF Holdings Limited


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