REHOVOT, ISRAEL — Cultivated meat company, Steakholder Foods Ltd. announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market, informing the company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq listing rule 5550(a)(2).

On March 27, 2023, Steakholder announced Nasdaq notified it of noncompliance with the minimum bid price requirement due to the closing bid price of the company’s American Depositary Shares (ADSs) being below $1.00 for more than 30 consecutive business days.

On Aug. 7, 2023, Nasdaq confirmed that for the last 10 consecutive business days, from July 24, 2023, to Aug. 4, 2023, the closing bid price of Steakholder’s ADSs were $1.00 or greater and the company has hence regained compliance with Listing Rule 5550(a)(2) and that the matter is now closed.