Cash Position
The company has 28.0 months of cash left based on the quarterly cash burn of $559.61 k and estimated current cash of $5.20 M
Commentary on Financial Condition
AGM Group Holdings Inc. experienced a significant decrease in revenue and a net loss in 2023, with working capital reduced to $9.1 million from $22.3 million in 2022. The company may need additional capital for growth and is considering equity or debt financing, while not expecting to pay dividends soon. Regulatory changes in China could affect future operations and offerings, posing potential risks to the company's financial stability. ---(FOREIGN COMPANY)---2024-06-18
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Mar 13, 2025
Bid Price
NCM
OPEN
AGM Group Holdings Inc. received a Determination Letter from Nasdaq on April 4, 2025, indicating non-compliance with the minimum bid price requirement as its shares have been trading below $1 for 30 consecutive business days. The company has until September 9, 2025, to regain compliance or face delisting, and intends to appeal the determination to a Hearings Panel. Filed At: 2025-04-04.
Previous Splits
Date
Split
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
March 2025 - Warrants for Class A Ordinary Shares | Registered | 65,560,000 | $0.00 | - | 65,560,000 | - | Maxim Group LLC | Alternate Cashless, Reset, Proportional Adjustment | Reset Adjustments: On the 19th day after the initial exercise date (“Reset Date”), if the exercise price exceeds 100% of the lowest VWAP between the 11th day post-exercise and the Reset Date, it will reset to the Reset Price (30% of Nasdaq Minimum Price, adjusted for corporate actions). If adjusted, the number of warrant shares will increase proportionally to maintain the same total exercise price. Stock and Asset Adjustments: The exercise price will also adjust for stock dividends, splits, combinations, reclassifications, or asset distributions, including cash or shares. Alternative Cashless Exercise: Holders may elect cashless exercise, receiving 1.2x the shares issuable in a cash exercise. No fractional shares will be issued—any fraction will be rounded down. Floor price is $0.099 | Mar 4, 2025 | Mar 4, 2030 | Mar 5, 2025 | |
December 2021 - Warrants | Registered | 1,449,276 | $8.30 | - | 1,449,276 | Alec Orudjev, Anson, Hudson Bay, Jian Ke, Sabby | N/A | - | - | Dec 14, 2021 |