AirNet Technology Inc - ADR

AirNet Technology, Inc. engages in the business of air travel advertisements. It sells advertising time slots on air travel advertising networks and on digital television screens on airplanes. It operates through the Media Network and Cryptocurrency Mining segments. The Media Network segment includes the sale of advertising time slots. The Cryptocurrency Mining segment is involved in blockchain mining activities. The company was founded by Herman Man Guo in August 2005 and is headquartered in Beijing, China.

AirNet Technology, Inc. engages in the provision of business of air travel advertisements. It provides in-flight solutions to connectivity, entertainment, and digital multimedia in China. The company offers Internet connections through a network of satellites and land-based beacons. It also serves airline travelers with interactive entertainment and coverage of breaking news. The company was founded by Herman Man Guo in August 2005 and is headquartered in Beijing, China.

BEIJING , Dec. 13, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced changes in its senior management team. Each of Ms.

AirNet Announces Changes in Senior Management Team

BEIJING , Nov. 14, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it received a written notice from the Listing Qualifications Staff of Nasdaq (the "Staff") on November 12, 2024, notifying the Company that it has regained compliance with the minimum market value of publicly held shares ("MVPHS") requirement under Nasdaq Listing Rule 5550(a)(5). The Company was previously notified by the Staff on September 18, 2024 that it was not in compliance with the MVPHS requirement due to its failure to maintain a minimum MVPHS of US$1.0 million for a period of 30 consecutive business days.

AirNet Resolves Nasdaq Minimum Market Value of Publicly Held Shares Deficiency

BEIJING , Sept. 20, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it received two deficiency letters (the "Deficiency Letters") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq") both dated on September 18, 2024 indicating that (1) the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per American depositary share ("ADS"), each representing one ordinary share of the Company, has been below $1.00 for a period of 30 consecutive business days, and (2) the Company is no longer in compliance with Rule 5550(a)(5) of the Nasdaq Listing Rules for continued listing due to its failure to maintain a minimum Market Value of Publicly Held Shares ("MVPHS") of US$1.0 million for a period of 30 consecutive business days.

AirNet Announces Receipt of Deficiency Letters from Nasdaq

BEIJING , May 31, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that the Company entered into a sales and purchase agreement with an unaffiliated third party for the purchase of 6,218 units of Bitcoin Miner S21 on May 30, 2024. The aggregate purchase price for these miners is approximately RMB177.2 million.

AirNet Announces Purchase of Cryptocurrency Mining Machines

BEIJING , May 31, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it held its annual general meeting of shareholders on May 31, 2024. At the meeting, the shareholders resolved by an ordinary resolution to increase the authorized share capital of the Company from US$1,000,000 divided into 22,500,000 ordinary shares of a nominal or par value of US$0.04 each and 2,500,000 preferred shares of a nominal or par value of US$0.04 each to US$40,000,000 divided into 900,000,000 ordinary shares of a nominal or a par value of US$0.04 each and 100,000,000 preferred shares of a nominal or par value of US$0.04 each, by the creation of an additional 877,500,000 ordinary shares with a par value of US$0.04 each and 97,500,000 preferred shares with a par value of US$0.04 each.

AirNet Announces Results of Annual General Meeting

BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), today announced that it received a notification letter dated April 29, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”) notifying that Nasdaq has determined to grant the Company an extension to regain compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing (the “Rule”).

AirNet Announces Receipt of Nasdaq's Determination to Grant Extension to Regain Compliance

BEIJING, May 02, 2024 (GLOBE NEWSWIRE) -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), today announced that it has called an annual general meeting of shareholders (the “AGM”), to be held at Suite 301, No. 26 Dongzhimenwai Street, Chaoyang District, Beijing 100027, People's Republic of China on May 31, 2024 at 10:00 A.M. (Beijing time). The proposal to be submitted for shareholders' approval at the AGM is to consider and vote on the resolution to increase the authorized share capital of the Company from US$1,000,000 divided into 22,500,000 ordinary shares of a nominal or par value of US$0.04 each and 2,500,000 preferred shares of a nominal or par value of US$0.04 each to US$40,000,000 divided into 900,000,000 ordinary shares of a nominal or a par value of US$0.04 each and 100,000,000 preferred shares of a nominal or par value of US$0.04 each, by the creation of an additional 877,500,000 ordinary shares with a par value of US$0.04 each and 97,500,000 preferred shares with a par value of US$0.04 each.

AirNet Announces Annual General Meeting Date and Proposed Increase of Authorized Share Capital

BEIJING, April 18, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it completed a private placement of 3,372,788 ordinary shares of the Company with par value of US$0.04 per share (each a "Share") for an aggregate subscription amount of US$5.7 million with certain investors. The Shares have not been registered under the Securities Act of 1933, as amended, or under the securities laws of any state.

AirNet Completes Private Placement of US$5.7 million

BEIJING , March 14, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it received a notification letter (the "Notification Letter on Compliance") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq") on March 13, 2024, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. As previously announced, on November 27, 2023, the Nasdaq notified the Company of its non-compliance with the Nasdaq's minimum bid price requirement because, as of November 24, 2023, the Company's closing bid price per American depositary share ("ADS") was less than US$1.00 per ADS over the previous 30 consecutive business days.

AirNet Regains Compliance with Nasdaq Minimum Bid Price Requirement

BEIJING , March 11, 2024 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (the "Company") (Nasdaq: ANTE), today announced changes in its board of directors (the "Board"). Mr. Dong Wen has tendered resignation as an independent director of the Company, a member of the audit committee of the Board, and the chairperson and a member of each of the compensation committee and compliance committee of the Board, effective from March 8, 2024.

AirNet Announces Changes in the Board of Directors

BEIJING, Jan. 05, 2024 (GLOBE NEWSWIRE) -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (the “Company”) (Nasdaq: ANTE), today announced that it received a notification letter dated December 29, 2023 (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”) notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders' equity. In the Company's Form 6-K dated December 28, 2023, the Company reported a negative stockholders' equity of approximately $25.3 million. Nasdaq also determined that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations for continued listing.

AirNet Announces Receipt of Deficiency Letter from Nasdaq

BEIJING, Dec. 26, 2023 (GLOBE NEWSWIRE) -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), today announced its unaudited financial results for the first half of 2023.

AirNet Technology Inc. Announces Unaudited Financial Results for the First Half of 2023

BEIJING, Dec. 01, 2023 (GLOBE NEWSWIRE) -- AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), today announced that it received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (“Nasdaq”) dated on November 27, 2023 indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per American depositary share (“ADS”), each representing one ordinary share of the Company, has been below $1.00 for a period of 30 consecutive business days.

AirNet Announces Receipt of Minimum Bid Price Notice from Nasdaq

BEIJING , June 26, 2023 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it has entered into a termination agreement (the "Termination Agreement") on June 21, 2023 with Unistar Group Holdings Ltd. ("Unistar Group"), Northern Shore Group Limited ("Northern Shore"), Mr.

AirNet Announces Termination of Investment Agreement

HOUSTON , Nov. 30, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it held an extraordinary general meeting of shareholders on November 30, 2022. At the meeting, the shareholders resolved by ordinary resolution to consolidate every forty of the authorized (whether issued or unissued) shares of each class of par value of US$0.001 each in the capital of the Company into one share of the same class of par value of US$0.04 each (the "Share Consolidation").

AirNet Announces Results of Extraordinary General Meeting and ADS Ratio Change

HOUSTON , Nov. 4, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced it has called an extraordinary general meeting of shareholders (the "EGM"), to be held at Suite 301, No. 26 Dongzhimenwai Street, Chaoyang District, Beijing 100027, People's Republic of China on November 30, 2022 at 10:00 A.M.

AirNet Announces Extraordinary General Meeting Date and Proposed ADS Ratio Change

HOUSTON , Sept. 9, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced changes in its board of directors (the "Board") and management.

AirNet Announces Changes in Management and Board of Directors

HOUSTON , April 6, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it has entered into an investment agreement (the "Agreement") with Unistar Group Holdings Ltd. ("Unistar Group"), Mr.

AirNet Entered Into Investment Agreement With Unistar Group Holdings Ltd.

BEIJING, Jan. 4, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced the appointment of Audit Alliance LLP ("Audit Alliance") as the Company's independent registered public accounting firm to replace Marcum Bernstein & Pinchuk LLP ("MBP"), effective December 31, 2021. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board.

AirNet Announces Change of Auditor

BEIJING, March 11, 2021 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced a change in its management. Mr. Xin Li has tendered his resignation as the chief financial officer of the Company, effective from March 5, 2021.

AirNet Announces Changes in Management

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Shares of several cryptocurrency-related companies soared on Tuesday as Bitcoin (CRYPTO: BTC) posted a major recovery from a low of $49,506 on Monday to trade at $54,566.20 at press time. What Happened: Bitcoin equipment manufacturer Canaan Inc (NASDAQ:CAN) shares closed 50.45% higher at $28.69 and rose 3.87% to $29.80 in the after-hours session.

Why Canaan, Sos, Riot Blockchain, Ebang, Marathon Patent, Bit Digital, AirNet Stocks Skyrocketed Today

The stock price of AirNet Technology Inc. (NASDAQ: ANTE) has increased by over 20% pre-market. This is why it happened.

ANTE Stock Price Increases Over 20% Pre-Market: Why It Happened

The stock price of Airnet Technology Inc (NASDAQ: ANTE) is trading at over 10% pre-market. This is why it happened.

ANTE Stock Price Increases Over 10% Pre-Market: Why It Happened

BEIJING, Feb. 19, 2021 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification...

AirNet Has Regained Compliance with Nasdaq's Minimum Market Value Requirement

The stock price of Airnet Technology Inc (NASDAQ: ANTE) is trading at over 50% pre-market today. This is why it happened.

News for AirNet Technology Inc - ADR Stock (ANTE)