FLJ GROUP LIMITED RECEIVES NASDAQ MINIMUM BID PRICE DEFICIENCY NOTICE [Yahoo! Finance]
XChange TEC.INC - American Depositary Shares (FLJ)
Company Research
Source: Yahoo! Finance
Stock Market LLC ("Nasdaq") dated April 3, 2024 stating that the Company is not in compliance with the requirement to maintain a minimum bid price of per share as set forth under Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based upon the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days, the Company no longer meets this requirement. However, Nasdaq Listing Rule 5810(c)(3)(A) also provides the Company a compliance period of 180 calendar days in which to regain compliance. If at any time during the180-day period, or until September 30, 2024, the closing bid price of the Company's ADSs is at least $1 per ADS for a minimum of ten consecutive business days, Nasdaq will provide a written confirmation of complian
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