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What happened
Shares of
Luokung Technology (NASDAQ:LKCO) were climbing today as investors got a shot of hope that the company could stave off a delisting from the
Nasdaq exchange, following an earlier order from the Department of Defense requiring a group of Chinese companies providing aid to the Chinese military to be delisted.
The stock was up 42.5% as of 10:47 a.m. EDT today on the news.