Cheche Group Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department on March 10, 2025, following a period where its Class A ordinary shares maintained a closing bid price of $1.00 or higher for 10 consecutive business days from February 24 to March 7, 2025.
This development resolves the previous non-compliance notification received on November 15, 2024, when CCG's share price had fallen below the $1.00 threshold for 30 consecutive business days. The company had been given a 180-day compliance period to meet the minimum bid requirement, which has now been successfully achieved ahead of the deadline.
Cheche Group (NASDAQ: CCG), la principale piattaforma tecnologica per l'assicurazione auto in Cina, ha riottenuto con successo la conformità ai requisiti di prezzo minimo per l'offerta di Nasdaq. L'azienda ha ricevuto conferma dal Dipartimento delle Qualifiche per la Quotazione di Nasdaq il 10 marzo 2025, dopo un periodo in cui le sue azioni ordinarie di Classe A hanno mantenuto un prezzo di chiusura di $1,00 o superiore per 10 giorni lavorativi consecutivi dal 24 febbraio al 7 marzo 2025.
Questo sviluppo risolve la precedente notifica di non conformità ricevuta il 15 novembre 2024, quando il prezzo delle azioni di CCG era sceso al di sotto della soglia di $1,00 per 30 giorni lavorativi consecutivi. L'azienda aveva ricevuto un periodo di conformità di 180 giorni per soddisfare il requisito minimo di offerta, che è stato ora raggiunto con successo prima della scadenza.
Cheche Group (NASDAQ: CCG), la principal plataforma tecnológica de seguros de automóviles en China, ha recuperado con éxito el cumplimiento del requisito de precio mínimo de oferta de Nasdaq. La empresa recibió la confirmación del Departamento de Calificaciones de Cotización de Nasdaq el 10 de marzo de 2025, tras un período en el que sus acciones ordinarias Clase A mantuvieron un precio de cierre de $1.00 o superior durante 10 días hábiles consecutivos, desde el 24 de febrero hasta el 7 de marzo de 2025.
Este desarrollo resuelve la notificación de incumplimiento recibida el 15 de noviembre de 2024, cuando el precio de las acciones de CCG había caído por debajo del umbral de $1.00 durante 30 días hábiles consecutivos. A la empresa se le había otorgado un período de cumplimiento de 180 días para cumplir con el requisito mínimo de oferta, el cual ha sido alcanzado con éxito antes de la fecha límite.
Cheche Group (NASDAQ: CCG), 중국의 선도적인 자동차 보험 기술 플랫폼이 나스닥의 최소 입찰 가격 요구 사항을 성공적으로 회복했습니다. 이 회사는 2025년 3월 10일 나스닥 상장 자격 부서로부터 확인을 받았으며, 이는 2025년 2월 24일부터 3월 7일까지 10영업일 연속으로 클래스 A 보통주가 $1.00 이상의 종가를 유지한 결과입니다.
이번 발전은 2024년 11월 15일에 받은 이전 비준수 통지를 해결합니다. 그 당시 CCG의 주가는 30영업일 연속으로 $1.00 이하로 떨어졌습니다. 이 회사는 최소 입찰 요건을 충족하기 위해 180일의 준수 기간을 부여받았으며, 이는 마감일 이전에 성공적으로 달성되었습니다.
Cheche Group (NASDAQ: CCG), la principale plateforme technologique d'assurance automobile en Chine, a réussi à retrouver sa conformité avec l'exigence de prix minimum d'offre de Nasdaq. L'entreprise a reçu la confirmation du Département des Qualifications de Cotation de Nasdaq le 10 mars 2025, après une période durant laquelle ses actions ordinaires de Classe A ont maintenu un prix de clôture de 1,00 $ ou plus pendant 10 jours ouvrables consécutifs, du 24 février au 7 mars 2025.
Ce développement résout la notification de non-conformité reçue le 15 novembre 2024, lorsque le prix des actions de CCG était tombé en dessous du seuil de 1,00 $ pendant 30 jours ouvrables consécutifs. L'entreprise avait reçu un délai de conformité de 180 jours pour satisfaire à l'exigence de prix minimum, qui a maintenant été atteinte avec succès avant la date limite.
Cheche Group (NASDAQ: CCG), Chinas führende Technologieplattform für Auto-Versicherungen, hat erfolgreich die Einhaltung der Mindestgebotsanforderung von Nasdaq wiederhergestellt. Das Unternehmen erhielt am 10. März 2025 eine Bestätigung von der Abteilung für Listing-Qualifikationen von Nasdaq, nachdem seine Stammaktien der Klasse A über einen Zeitraum von 10 aufeinanderfolgenden Börsentagen vom 24. Februar bis 7. März 2025 einen Schlusskurs von 1,00 USD oder höher gehalten hatten.
Diese Entwicklung löst die vorherige Mitteilung über die Nichterfüllung vom 15. November 2024, als der Aktienkurs von CCG 30 aufeinanderfolgende Börsentage unter die 1,00 USD-Marke gefallen war. Das Unternehmen hatte eine Frist von 180 Tagen erhalten, um die Mindestgebotsanforderung zu erfüllen, die nun erfolgreich vor Ablauf der Frist erreicht wurde.
- Regained Nasdaq listing compliance, eliminating immediate delisting risk
- Successfully maintained share price above $1.00 for required period
- Resolved compliance issue well before the 180-day deadline
- Previous trading history showed sustained period below $1.00 minimum requirement
- Stock price volatility demonstrated as evidenced by need for compliance recovery
Insights
Cheche Group's regaining of Nasdaq compliance represents a significant positive development for the Chinese insurtech platform. By maintaining a closing bid price above $1.00 for the required 10 consecutive business days, CCG has eliminated the immediate threat of delisting that emerged in November 2024.
This compliance achievement removes a substantial regulatory overhang for shareholders. Maintaining Nasdaq listing status is important for CCG's market visibility, trading liquidity, and institutional investor access. For Chinese technology companies in particular, a U.S. exchange listing provides valuable credibility in global capital markets that would be difficult to replace through alternative exchanges.
What's particularly encouraging is that CCG appears to have achieved compliance through organic price appreciation rather than artificial means like a reverse stock split. However, investors should note the company's relatively fragile position - with a current share price of
This regulatory resolution allows management to refocus attention on operational execution and business fundamentals rather than listing maintenance concerns. While this news resolves an immediate existential threat to the stock's exchange status, prudent investors will look for sustainable share price stability well above the minimum requirement as evidence of enduring market confidence.
As previously announced, the Company received a notification letter dated November 15, 2024 (the "Notification Letter") from Nasdaq indicating that the closing bid price of the Company's Class A ordinary shares has been below the minimum bid price of
Safe Harbor Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the
About Cheche Group Inc.
Established in 2014 and headquartered in
Cheche Group Inc.:
IR@chechegroup.com
Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185
View original content:https://www.prnewswire.com/news-releases/cheche-group-has-regained-compliance-with-nasdaqs-minimum-bid-price-requirement-302398148.html
SOURCE Cheche Group Inc.
FAQ
When did Cheche Group (CCG) regain Nasdaq compliance in 2025?
What was the minimum share price requirement for CCG to maintain Nasdaq listing?
How long was CCG given to resolve the Nasdaq compliance issue?
When did CCG receive the initial Nasdaq non-compliance notice?
