AirNet Received Nasdaq Notification Letter Regarding Stockholders' Equity Deficiency

BEIJING, May 16, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that on May 13, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is no longer in compliance with the requirement of maintaining a minimum of $2,500,000 in stockholders’ equity for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) based on the Company’s reported stockholders’ equity in its Form 20-F for the year ended December 31, 2024, which is below the foregoing requirement of minimum stockholders' equity. In addition, the Company does not currently meet the alternative standards of compliance from its market value of listed securities or net income from continuing operations.

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