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-0.0485436893203883 -0.0485436893203883 -0.0485436893203883 -0.0485436893203883 -0.0485436893203883 -0.0485436893203883 -0.0485436893203883 -0.0485436893203883
Stock impact report

Scienjoy Holding Corporation Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Scienjoy Holding Corporation - Class A Ordinary Shares (SJ) 
Company Research Source: PR Newswire
BEIJING, Aug. 6, 2024 /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "we") (NASDAQ: SJ), an interactive entertainment leader in the Chinese market, today announced that the Company had received a notification letter (the "Notification Letter") dated August 1, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's Class A ordinary shares, no par value ("Ordinary Shares") was below $1.00 per share for a period of 30 consecutive business days from June 18, 2024 to July 31, 2024.This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Notification Letter has no immediate effect on the listing of the Company's Ordinary Sha Show less Read more
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