Origin Agritech Received a Non-Compliance Notification from NASDAQ
Origin Agritech Limited (SEED)
US:NASDAQ Investor Relations:
originseed.investorroom.com
Company Research
Source: PR Newswire
BEIJING, March 10, 2020 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology and rural e-commerce company, today announced that on March 6, 2020 (the "Notice Date"), the Company received a letter from the NASDAQ Stock Market ("NASDAQ") notifying the Company that the Company is not in compliance with the NASDAQ listing rules. The Company's Form 20-F for the fiscal year ended September 30, 2019 reported stockholders' equity of $(2,190,000) and therefore, the Company is not in compliance with NASDAQ Listing Rule 5550(b)(1) which requires the Company to maintain a minimum of $2,500,000 in stockholders' equity. The Company has 45 calendar days to submit a plan to NASDAQ to regain compliance, and if the plan is accepted, the Company can be granted an extension of up to 180 calendar days from the Notice Date to evidence compliance. If NASDAQ does not accept the Company's plan, the Company will have the opportunity to appeal that decision
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- Origin Agritech Limited (NASDAQ: SEED) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Origin Agritech Limited (NASDAQ: SEED) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Origin Agritech Limited (NASDAQ: SEED) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat