GD Culture Group Limited Receives Nasdaq Notification Regarding Minimum Stockholders' Equity Deficiency
GD Culture Group (GDC) has received a notification from Nasdaq dated March 20, 2025, indicating non-compliance with listing requirements. The company's stockholders' equity of $2,643 falls significantly below Nasdaq's minimum requirement of $2.5 million for continued listing on the Nasdaq Capital Market.
GDC has been given 45 calendar days until May 4, 2025, to submit a compliance plan. If Nasdaq accepts the plan, the company may receive up to 180 calendar days from the notification date to demonstrate compliance. The notification has no immediate effect on GDC's Nasdaq listing, and business operations remain unaffected. The company is exploring options to regain compliance and maintain its listing status.
Il Gruppo GD Culture (GDC) ha ricevuto una comunicazione da Nasdaq datata 20 marzo 2025, che indica la non conformità ai requisiti di quotazione. Il patrimonio netto degli azionisti della società, pari a $2,643, è significativamente al di sotto del requisito minimo di $2,5 milioni per la continua quotazione sul Nasdaq Capital Market.
GDC ha ricevuto 45 giorni di calendario fino al 4 maggio 2025 per presentare un piano di conformità. Se Nasdaq accetta il piano, l'azienda potrebbe ricevere fino a 180 giorni di calendario dalla data di notifica per dimostrare la conformità. La notifica non ha effetto immediato sulla quotazione di GDC su Nasdaq e le operazioni commerciali rimangono inalterate. L'azienda sta esplorando opzioni per ripristinare la conformità e mantenere il proprio stato di quotazione.
El Grupo GD Culture (GDC) ha recibido una notificación de Nasdaq con fecha del 20 de marzo de 2025, indicando el incumplimiento de los requisitos de cotización. El patrimonio neto de los accionistas de la empresa, que asciende a $2,643, está significativamente por debajo del requisito mínimo de $2.5 millones para continuar listado en el Nasdaq Capital Market.
GDC ha sido otorgado 45 días calendario hasta el 4 de mayo de 2025 para presentar un plan de cumplimiento. Si Nasdaq acepta el plan, la empresa podría recibir hasta 180 días calendario desde la fecha de notificación para demostrar el cumplimiento. La notificación no tiene un efecto inmediato en la cotización de GDC en Nasdaq y las operaciones comerciales permanecen inalteradas. La empresa está explorando opciones para recuperar la conformidad y mantener su estado de cotización.
GD 문화 그룹 (GDC)는 2025년 3월 20일자 나스닥의 통지를 받았습니다. 이 통지는 상장 요건을 준수하지 못했음을 나타냅니다. 회사의 주주 자본은 $2,643로, 나스닥 자본 시장에서의 지속적인 상장을 위한 최소 요구 사항인 $2.5 백만에 비해 상당히 낮습니다.
GDC는 2025년 5월 4일까지 45일의 일정 기간을 부여받아 준수 계획을 제출해야 합니다. 나스닥이 이 계획을 승인하면, 회사는 통지일로부터 180일의 기간을 받아 준수를 입증할 수 있습니다. 이 통지는 GDC의 나스닥 상장에 즉각적인 영향을 미치지 않으며, 사업 운영은 영향을 받지 않습니다. 회사는 준수를 회복하고 상장 상태를 유지하기 위한 옵션을 탐색하고 있습니다.
Le Groupe GD Culture (GDC) a reçu une notification de Nasdaq en date du 20 mars 2025, indiquant un non-respect des exigences de cotation. Les capitaux propres des actionnaires de l'entreprise, s'élevant à 2 643 $, se situent bien en dessous de l'exigence minimale de 2,5 millions de dollars pour maintenir la cotation sur le Nasdaq Capital Market.
GDC a reçu 45 jours calendaires jusqu'au 4 mai 2025 pour soumettre un plan de conformité. Si Nasdaq accepte le plan, l'entreprise pourrait bénéficier jusqu'à 180 jours calendaires à partir de la date de notification pour démontrer sa conformité. La notification n'a pas d'effet immédiat sur la cotation de GDC sur Nasdaq, et les opérations commerciales restent inchangées. L'entreprise explore des options pour retrouver la conformité et maintenir son statut de cotation.
Die GD Culture Group (GDC) hat am 20. März 2025 eine Mitteilung von Nasdaq erhalten, die auf die Nichterfüllung der Zulassungsanforderungen hinweist. Das Eigenkapital der Aktionäre des Unternehmens in Höhe von $2,643 liegt deutlich unter der Mindestanforderung von $2,5 Millionen für die fortgesetzte Zulassung am Nasdaq Capital Market.
GDC wurde 45 Kalendertage bis zum 4. Mai 2025 gegeben, um einen Compliance-Plan einzureichen. Wenn Nasdaq den Plan akzeptiert, könnte das Unternehmen bis zu 180 Kalendertage ab dem Datum der Mitteilung erhalten, um die Konformität nachzuweisen. Die Mitteilung hat keine unmittelbaren Auswirkungen auf die Nasdaq-Notierung von GDC, und die Geschäftstätigkeiten bleiben unberührt. Das Unternehmen prüft Optionen, um die Konformität wiederherzustellen und seinen Zulassungsstatus zu erhalten.
- Business operations remain unaffected by the notification
- Company granted 45-day period to submit compliance plan
- Potential 180-day extension if compliance plan is accepted
- Stockholders' equity of only $2,643 vs required $2.5 million minimum
- Company fails to meet alternative listing criteria of market value or net income
- Risk of potential delisting from Nasdaq if compliance is not achieved
NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC), and its subsidiary, AI Catalysis Corp. (“AI Catalysis”), today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") dated March 20, 2025, notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5550(b)(1). Nasdaq Listing Rule 5550(b)(1) requires companies on the Nasdaq Capital Market to maintain a minimum of
The Notification Letter has no immediate effect on the Company's listing on the Nasdaq Capital Market at this time. In accordance with the Nasdaq Listing Rules, the Company has been provided 45 calendar days, or until May 4, 2025, to submit a plan to regain compliance. If such compliance plan is accepted by Nasdaq, the Company may be granted a compliance period of up to 180 calendar days from the date of the Notification Letter to evidence compliance.
The Company's business operations are not affected by the receipt of the Notification Letter. The Company is looking into various options available to regain compliance and maintain its continued listing on the Nasdaq Capital Market. The Company intends to submit the compliance plan as soon as practicable.
About GD Culture Group Limited
GD Culture Group Limited (the “Company”) (Nasdaq: GDC), is a Nevada company currently conducting business mainly through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”) and Shanghai Xianzhui Technology Co, Ltd. The company plans to enter into the livestreaming market with focus on e-commerce through its wholly owned U.S. subsidiary, AI Catalysis, a Nevada corporation incorporated in May 2023. The Company’s main businesses include AI-driven digital human technology, live-streaming e-commerce business. For more information, please visit the Company's website at https://www.gdculturegroup.com/.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements regarding the Company's plans to regain compliance with the minimum stockholders' equity requirement. The Company's actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
GD Culture Group Limited
Investor Relations Department
Email: ir@gdculturegroup.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
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