Caravelle International Group Regained Compliance with the Minimum Bid Requirement

SINGAPORE, June 11, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology company received the determination letter on June 10 from Nasdaq (the "Determination Letter") that for the 17 consecutive business days, from May 15, 2024, to June 7, 2024, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Requirement and this matter is now closed. 

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