JIADE LIMITED Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
JIADE (Nasdaq: JDZG), a provider of comprehensive education supporting services to adult education institutions, has received a Nasdaq notification letter regarding minimum bid price deficiency. The company's ordinary shares failed to maintain the required minimum bid price of $1.00 for 30 consecutive business days from June 14 to July 30, 2024.
JIADE has been given 180 calendar days, until January 27, 2025, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, the company may face delisting. JIADE is considering options, including a potential reverse share split, to address the issue. The notification does not immediately impact JIADE's Nasdaq Capital Market listing or its business operations.
JIADE (Nasdaq: JDZG), un fornitore di servizi educativi completi per istituzioni di istruzione per adulti, ha ricevuto una lettera di notifica da Nasdaq relativa a una carenza del prezzo minimo di offerta. Le azioni ordinarie dell'azienda non hanno mantenuto il prezzo minimo di offerta di $1.00 per 30 giorni lavorativi consecutivi dal 14 giugno al 30 luglio 2024.
JIADE ha ricevuto 180 giorni di calendario, fino al 27 gennaio 2025, per ripristinare la conformità raggiungendo un prezzo di chiusura di almeno $1.00 per un minimo di 10 giorni lavorativi consecutivi. In caso di insuccesso, l'azienda potrebbe affrontare una delisting. JIADE sta considerando le opzioni, tra cui un possibile raggruppamento delle azioni, per affrontare la questione. La notifica non influisce immediatamente sulla quotazione di JIADE nel Nasdaq Capital Market né sulle sue operazioni commerciali.
JIADE (Nasdaq: JDZG), un proveedor de servicios de educación integral para instituciones de educación de adultos, ha recibido una carta de notificación de Nasdaq sobre deficiencia en el precio mínimo de oferta. Las acciones ordinarias de la compañía no lograron mantener el precio mínimo de oferta de $1.00 durante 30 días hábiles consecutivos desde el 14 de junio hasta el 30 de julio de 2024.
A JIADE se le ha concedido 180 días calendario, hasta el 27 de enero de 2025, para volver a cumplir con el requisito logrando un precio de cierre de al menos $1.00 durante un mínimo de 10 días hábiles consecutivos. Si no tiene éxito, la empresa podría enfrentar una cancelación de su listado. JIADE está considerando opciones, incluida una posible consolidación de acciones, para abordar el problema. La notificación no afecta inmediatamente a la cotización de JIADE en el Nasdaq Capital Market ni a sus operaciones comerciales.
JIADE (Nasdaq: JDZG)는 성인 교육 기관에 포괄적인 교육 지원 서비스를 제공하는 회사로, 나스닥 통지서를 통해 최소 공모가 결여에 대한 통지를 받았습니다. 회사의 보통주는 2024년 6월 14일부터 7월 30일까지 30 영업일 연속으로 요구되는 최소 공모가 $1.00를 유지하지 못했습니다.
JIADE는 2025년 1월 27일까지 180일의 기간을 부여받아 연속 10영업일 동안 최소 $1.00의 종가를 기록해 준수 상태를 회복해야 합니다. 실패할 경우, 회사는 상장폐지에 직면할 수 있습니다. JIADE는 문제 해결을 위해 주식 액면 병합을 포함한 여러 가지 옵션을 고려하고 있습니다. 이번 통지는 JIADE의 나스닥 자본 시장 상장 또는 사업 운영에 즉각적인 영향을 미치지 않습니다.
JIADE (Nasdaq: JDZG), un fournisseur de services éducatifs complets pour les établissements d'éducation des adultes, a reçu une lettre de notification de Nasdaq concernant un manquement au prix d'offre minimum. Les actions ordinaires de l'entreprise n'ont pas réussi à maintenir le prix d'offre minimum de 1,00 $ pendant 30 jours boursiers consécutifs, du 14 juin au 30 juillet 2024.
JIADE a reçu 180 jours calendaires, jusqu'au 27 janvier 2025, pour regagner la conformité en atteignant un prix de clôture d'au moins 1,00 $ pendant au minimum 10 jours boursiers consécutifs. Si cela échoue, l'entreprise pourrait faire face à un retrait de la cotation. JIADE envisage des options, y compris une éventuelle rachat d'actions, pour résoudre le problème. La notification n'a pas d'impact immédiat sur la cotation de JIADE sur le Nasdaq Capital Market ni sur ses opérations commerciales.
JIADE (Nasdaq: JDZG), ein Anbieter umfassender Bildungsunterstützungsdienste für Institutionen der Erwachsenenbildung, hat ein Benachrichtigungsschreiben von Nasdaq über eine Mindestgebotspreisdefizienz erhalten. Die Stammaktien des Unternehmens konnten den erforderlichen Mindestgebotspreis von $1,00 für 30 aufeinanderfolgende Geschäftstage vom 14. Juni bis 30. Juli 2024 nicht aufrechterhalten.
JIADE wurde eine Frist von 180 Kalendertagen, bis zum 27. Januar 2025, eingeräumt, um die Compliance wiederherzustellen, indem sie einen Schlusskurs von mindestens $1,00 für mindestens 10 aufeinanderfolgende Geschäftstage erreicht. Sollte dies nicht gelingen, könnte das Unternehmen eine Delistung riskieren. JIADE prüft Optionen, darunter eine mögliche Aktienzusammenlegung, um das Problem anzugehen. Die Benachrichtigung hat keine sofortigen Auswirkungen auf die Nasdaq Capital Market-Listung von JIADE oder auf die Geschäftstätigkeiten.
- Company remains listed on Nasdaq Capital Market despite notification
- 180-day grace period provided to regain compliance
- Business operations unaffected by the notification
- Failure to meet Nasdaq's minimum bid price requirement of $1.00 per share
- Risk of potential delisting if compliance is not regained by January 27, 2025
- Possible implementation of reverse share split, which could impact stock value
Insights
JIADE 's receipt of a Nasdaq notification for minimum bid price deficiency is a significant red flag for investors. The company's stock has traded below
The 180-day compliance period until January 27, 2025, provides a temporary reprieve, but the company faces serious challenges. A potential reverse stock split to artificially boost share price is a common but often ineffective long-term solution. Investors should closely monitor JIADE's financial performance and any strategic initiatives to organically increase shareholder value. The risk of delisting is real and could severely impact liquidity and investor confidence if not addressed promptly.
This notification highlights broader concerns in the Chinese education sector. JIADE's focus on adult education services may be facing headwinds due to changing market dynamics or regulatory pressures in China. The prolonged low stock price suggests investor skepticism about the company's growth prospects or business model.
Investors should consider:
- The company's ability to adapt to evolving education trends
- Potential regulatory risks in the Chinese education market
- Competitive pressures affecting JIADE's market position
The next earnings report will be important in assessing whether JIADE can demonstrate a path to improved financial performance and regain market confidence. Without significant positive catalysts, the stock may struggle to meet Nasdaq's requirements, potentially leading to a forced delisting.
From a legal and compliance perspective, JIADE 's Nasdaq notification is a serious matter. The company now enters a critical period where it must demonstrate its ability to meet listing requirements or face potential delisting. Key legal considerations include:
- Disclosure obligations: The company must ensure timely and accurate disclosure of material information to shareholders.
- Regulatory compliance: Any measures taken to regain compliance, such as a reverse stock split, must adhere to SEC and Nasdaq regulations.
- Investor protection: The board has a fiduciary duty to act in shareholders' best interests while addressing this issue.
If JIADE fails to regain compliance, it may face delisting proceedings, which could trigger shareholder lawsuits or regulatory scrutiny. The company's response to this situation will be important in maintaining investor confidence and regulatory standing.
Chengdu, China, Aug. 02, 2024 (GLOBE NEWSWIRE) -- JIADE LIMITED (Nasdaq: JDZG) (the “Company”), a company that specializes in providing one-stop comprehensive education supporting services to adult education institutions, today announced that the Company received a letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on July 31, 2024, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US
The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 27, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least US
The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About JIADE LIMITED
JIADE LIMITED specializes in providing one-stop comprehensive education supporting services to adult education institutions, through a wide spectrum of software platform and auxiliary solutions, to meet the evolving needs of its customers in the rapidly changing adult education industry. The Company’s services are primarily offered through the Kebiao Technology Educational Administration Platform (the “KB Platform”), which facilitates streamlined information and data management throughout the teaching cycle of adult education services, from pre-enrollment to post-graduation. The KB Platform supports a broad range of functions, such as enrollment consultation, student information collection, enrollment status management, learning progress management, grade inquiry, and graduation management. The Company also provides auxiliary solutions to adult education institutions, which encompass teaching support services throughout the entire teaching cycle and related exam administration services.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
JIADE LIMITED
Investor Relations Department
Email: kebiao@sckbkj.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
What is the minimum bid price requirement JIADE (JDZG) failed to meet?
How long does JIADE (JDZG) have to regain compliance with Nasdaq's minimum bid price requirement?
What options is JIADE (JDZG) considering to address the minimum bid price deficiency?
Will the Nasdaq notification impact JIADE 's (JDZG) current listing status?
