AGMGroup, a company specializing in blockchain ASIC chip development and financial technology software services, has received a notice from NASDAQ stating that it does not comply with the continued listing rules. The notice states that AGMGroup did not timely submit its 20-F annual report for the fiscal year ending December 31, 2022, to the U.S. Securities and Exchange Commission (SEC). The notice does not have an immediate effect on the company's stock trading or listing on NASDAQ.

According to NASDAQ listing rules, the company needs to submit a plan to regain compliance with NASDAQ listing rules within 60 calendar days from the date of the notice. The company has stated that it will make every effort to complete the 20-F report and submit a plan to regain compliance within the specified timeframe or submit its 20-F report.

AGMGroup Holdings Inc. was established in April 2015 and is headquartered in Beijing. The company provides ASIC chip development for blockchain technology, high-end mining machine production for Bitcoin and other cryptocurrencies, and financial technology software services.