Tingo Group Receives Nasdaq Notification Relating to its Recently Filed Financial Statements Non-Reliance Disclosure

MONTVALE, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) today announced that on January 4, 2024, it received written notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of the Form 8-K filed by the Company on December 26, 2023, which disclosed that its previously issued financial statements for the year ended December 31, 2022, and the Forms 10-Q for the periods ended March 31, June 30, and September 30, 2023 (the “Filings”), should no longer be relied upon pending further investigation, the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

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