Infobird Co LtdNASDAQ: IFBD

HONG KONG , May 23, 2024 /PRNewswire/ -- Infobird Co., Ltd (NASDAQ: IFBD) ("Infobird" or the "Company"), a software-as-a-service provider of AI-powered customer engagement solutions in China, today reports that as of May 16, 2024, it is delinquent in filing its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). The Company previously filed a Form 12b-25 with the SEC on April 29, 2024 for the late filing of the 2023 Form 20-F, pursuant to which the 2023 Form 20-F was due to be filed by May 15, 2024.

Infobird (NASDAQ: IFBD ) stock is rising higher on Wednesday as the software-as-a-service (SaaS) and artificial intelligence ( AI ) company experiences heavy trading this morning. That heavy trading has resulted in more than 3.8 million shares of the company's stock being traded as of this writing.

Infobird (NASDAQ: IFBD ) stock is flying higher on Tuesday after the software-as-a-service (SaaS) company announced a delay to a reverse stock split. Infobird says that it now plans for a reverse stock split to go into effect when markets open on Monday.

Infobird (NASDAQ: IFBD ) stock is falling on Thursday after the customer engagement solutions company announced details of an upcoming extraordinary general shareholder meeting. Infobird will hold this shareholder meeting on Feb.19, 2024.

Infobird (NASDAQ: IFBD ) stock is rising higher on Tuesday after the company announced it has signed a new cooperation agreement with an unnamed company. According to a press release from Infobird, this will see it develop software for an information technology system to be used by the company.