Yunji Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
Yunji Inc. - American Depository Shares (YJ)
Last yunji inc. - american depository shares earnings: 3/24 05:30 am
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Source: PR Newswire
HANGZHOU, China, Sept. 30, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated September 27, 2024, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(2) and the matter is closed.As previously disclosed, on October 5, 2023, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days, or until April 2, 2024, to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Globa
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