AIX Announces Receipt of Minimum Bid Price Notice from Nasdaq
AIX (NASDAQ: AIFU) has received a notification from Nasdaq on February 24, 2025, indicating non-compliance with the minimum bid price requirement of US$1.00 per share, as the company's ADS closing price remained below this threshold for 30 consecutive business days.
The company has been granted a 180-day compliance period until August 25, 2025 to meet the requirement. Compliance can be achieved if the ADS closing price stays at US$1.00 or higher for at least 10 consecutive business days. If unsuccessful, AIX may be eligible for an additional 180-day period if it meets other Nasdaq Capital Market listing criteria.
The notification currently does not affect AIX's listing or trading status on the Nasdaq Global Market. The company states it will take all reasonable measures to regain compliance, including the possibility of a reverse stock split if necessary.
AIX (NASDAQ: AIFU) ha ricevuto una notifica da Nasdaq il 24 febbraio 2025, che indica la non conformità al requisito del prezzo minimo di offerta di 1,00 USD per azione, poiché il prezzo di chiusura degli ADS della società è rimasto al di sotto di questa soglia per 30 giorni lavorativi consecutivi.
La società ha ricevuto un periodo di conformità di 180 giorni fino al 25 agosto 2025 per soddisfare il requisito. La conformità può essere raggiunta se il prezzo di chiusura degli ADS rimane a 1,00 USD o superiore per almeno 10 giorni lavorativi consecutivi. In caso di insuccesso, AIX potrebbe essere idonea per un ulteriore periodo di 180 giorni se soddisfa altri criteri di quotazione del Nasdaq Capital Market.
La notifica attualmente non influisce sullo stato di quotazione o di negoziazione di AIX sul Nasdaq Global Market. La società afferma che adotterà tutte le misure ragionevoli per ripristinare la conformità, inclusa la possibilità di un frazionamento azionario inverso se necessario.
AIX (NASDAQ: AIFU) ha recibido una notificación de Nasdaq el 24 de febrero de 2025, indicando el incumplimiento con el requisito de precio mínimo de oferta de 1,00 USD por acción, ya que el precio de cierre de los ADS de la compañía se mantuvo por debajo de este umbral durante 30 días hábiles consecutivos.
La compañía ha sido concedida un período de cumplimiento de 180 días hasta el 25 de agosto de 2025 para cumplir con el requisito. El cumplimiento puede lograrse si el precio de cierre de los ADS se mantiene en 1,00 USD o más durante al menos 10 días hábiles consecutivos. Si no tiene éxito, AIX podría ser elegible para un período adicional de 180 días si cumple con otros criterios de cotización del Nasdaq Capital Market.
La notificación actualmente no afecta el estado de cotización o negociación de AIX en el Nasdaq Global Market. La compañía afirma que tomará todas las medidas razonables para recuperar el cumplimiento, incluida la posibilidad de una división de acciones inversa si es necesario.
AIX (NASDAQ: AIFU)는 2025년 2월 24일 Nasdaq으로부터 통지를 받았으며, 이는 주당 최소 입찰 가격 요건인 1.00 USD를 준수하지 못했다는 것을 나타냅니다. 회사의 ADS 종가가 이 기준 이하로 30영업일 연속 유지되었습니다.
회사는 요건을 충족하기 위해 2025년 8월 25일까지 180일의 준수 기간을 부여받았습니다. 준수는 ADS 종가가 1.00 USD 이상으로 10영업일 이상 유지될 경우 달성할 수 있습니다. 만약 실패할 경우, AIX는 Nasdaq 자본 시장의 다른 상장 기준을 충족하면 추가로 180일의 기간을 받을 수 있습니다.
현재 통지는 AIX의 Nasdaq 글로벌 시장에서의 상장 또는 거래 상태에 영향을 미치지 않습니다. 회사는 필요할 경우 역주식 분할 가능성을 포함하여 준수를 회복하기 위해 모든 합리적인 조치를 취할 것이라고 밝혔습니다.
AIX (NASDAQ: AIFU) a reçu une notification de Nasdaq le 24 février 2025, indiquant un non-respect de l'exigence de prix d'offre minimum de 1,00 USD par action, car le prix de clôture des ADS de la société est resté en dessous de ce seuil pendant 30 jours ouvrables consécutifs.
La société a obtenu une période de conformité de 180 jours jusqu'au 25 août 2025 pour répondre à l'exigence. La conformité peut être atteinte si le prix de clôture des ADS reste à 1,00 USD ou plus pendant au moins 10 jours ouvrables consécutifs. En cas d'échec, AIX pourrait être éligible à une période supplémentaire de 180 jours si elle respecte d'autres critères de cotation du Nasdaq Capital Market.
La notification n'affecte actuellement pas le statut de cotation ou de négociation d'AIX sur le Nasdaq Global Market. La société déclare qu'elle prendra toutes les mesures raisonnables pour retrouver la conformité, y compris la possibilité d'un regroupement d'actions inversé si nécessaire.
AIX (NASDAQ: AIFU) hat am 24. Februar 2025 eine Mitteilung von Nasdaq erhalten, die auf die Nichteinhaltung der Mindestgebotspreisanforderung von 1,00 USD pro Aktie hinweist, da der Schlusskurs der ADS des Unternehmens 30 aufeinanderfolgende Handelstage unter diesem Schwellenwert blieb.
Dem Unternehmen wurde ein 180-tägiger Konformitätszeitraum bis zum 25. August 2025 gewährt, um die Anforderung zu erfüllen. Die Konformität kann erreicht werden, wenn der Schlusskurs der ADS mindestens 10 aufeinanderfolgende Handelstage bei 1,00 USD oder höher bleibt. Bei Misserfolg könnte AIX für einen zusätzlichen 180-tägigen Zeitraum in Frage kommen, wenn es andere Kriterien für die Nasdaq Capital Market-Notierung erfüllt.
Die Mitteilung hat derzeit keinen Einfluss auf den Listing- oder Handelsstatus von AIX im Nasdaq Global Market. Das Unternehmen gibt an, dass es alle angemessenen Maßnahmen ergreifen wird, um die Konformität wiederherzustellen, einschließlich der Möglichkeit eines Reverse Stock Splits, falls erforderlich.
- 180-day grace period granted until August 25, 2025
- Potential additional 180-day extension if criteria met
- Currently maintains Nasdaq Global Market listing status
- Stock trading below $1.00 for 30 consecutive business days
- Risk of potential delisting if compliance not achieved
- May require dilutive reverse stock split to maintain listing
GUANGZHOU, China, Feb. 25, 2025 (GLOBE NEWSWIRE) -- AIX Inc. (NASDAQ: AIFU) (“AIX” or the “Company”), today announced that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”), dated February 24, 2025, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until August 25, 2025, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is US
In the event that the Company does not regain compliance by August 25, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.
The Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.
About AIX Inc.
AIX, established in 1998, is a leading intelligent technology-driven independent financial services provider in China. It provides 400 million middle-class families with insurance protection, wealth management, and value-added services and provides independent financial advisors and various insurance/financial sales organizations with technical support and comprehensive solutions. Through AI-driven insights and cutting-edge digital tools, AIX has successfully established itself as a leader in intelligent transformation within the financial services industry.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will”, “expects”, “believes”, “anticipates”, “intends”, “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about AIX Inc. and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract and retain productive agents, especially entrepreneurial agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, quarterly variations in its operating results caused by factors beyond its control including macroeconomic conditions in China. Except as otherwise indicated, all information provided in this press release speaks as of the date hereof, and AIX Inc. undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although AIX Inc. believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by AIX Inc. is included in AIX Inc.’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.
For more information, please contact:
AIX Inc.
Investor Relations
Tel: +86 (20) 8388-3191
Email: ir@aifugroup.com
FAQ
What is the deadline for AIX (AIFU) to regain Nasdaq compliance?
How can AIX (AIFU) regain Nasdaq compliance?
What happens if AIX (AIFU) fails to meet the August 2025 deadline?
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What measures might AIX (AIFU) take to regain compliance?
