Ostin Technology has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement. The company's stock has not met the $1 minimum closing bid price for 30 consecutive business days. Ostin Technology is required to regain compliance within 180 calendar days, or by September 12, 2023. To regain compliance, the stock must have a closing bid price of at least $1 for a minimum of 10 consecutive business days. If Ostin Technology does not achieve compliance, it may be eligible for an additional 180-day grace period if it meets all other listing standards. The company intends to monitor the bid price and consider available options to resolve the deficiency and regain compliance.