Jianzhi Education Technology Group Company Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Jianzhi Education Technology Group Company (NASDAQ: JZ), a leading digital educational content provider in China, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's American depositary shares (ADSs) have traded below $1.00 for 30 consecutive business days. Jianzhi has been granted a 180-day compliance period until February 3, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for a minimum of ten consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day period. Jianzhi assures that this notification does not affect its current listing status or business operations and pledges to take all reasonable measures to regain compliance.
Jianzhi Education Technology Group Company (NASDAQ: JZ), un importante fornitore di contenuti educativi digitali in Cina, ha ricevuto una notifica da Nasdaq riguardo alla non conformità con il requisito del prezzo minimo di offerta. Le azioni depositarie americane (ADS) della società hanno negociato al di sotto di $1.00 per 30 giorni lavorativi consecutivi. Jianzhi ha ricevuto un periodo di conformità di 180 giorni fino al 3 febbraio 2025, per ristabilire la conformità mantenendo un prezzo di chiusura della offerta di $1.00 o superiore per almeno dieci giorni lavorativi consecutivi. In caso di insuccesso, la società potrebbe essere idonea per un ulteriore periodo di 180 giorni. Jianzhi assicura che questa notifica non influisce sullo stato attuale della sua quotazione o sulle operazioni aziendali e si impegna a adottare tutte le misure ragionevoli per ripristinare la conformità.
Jianzhi Education Technology Group Company (NASDAQ: JZ), un proveedor líder de contenido educativo digital en China, ha recibido una notificación de Nasdaq sobre su incumplimiento con el requisito del precio mínimo de oferta. Las acciones de depósito americano (ADS) de la compañía han cotizado por debajo de $1.00 durante 30 días hábiles consecutivos. Jianzhi ha sido otorgado un período de cumplimiento de 180 días hasta el 3 de febrero de 2025, para recuperar la conformidad manteniendo un precio de oferta de cierre de $1.00 o más durante un mínimo de diez días hábiles consecutivos. Si no tiene éxito, la compañía podría ser elegible para un período adicional de 180 días. Jianzhi asegura que esta notificación no afecta su estado actual de cotización ni sus operaciones comerciales y se compromete a tomar todas las medidas razonables para recuperar la conformidad.
Jianzhi Education Technology Group Company (NASDAQ: JZ), 중국의 주요 디지털 교육 콘텐츠 제공업체가 Nasdaq으로부터 통지를 받았습니다 비딩 가격 요건 불이행에 대한. 이 회사의 미국 예탁주식(ADS)은 30일 연속으로 $1.00 이하로 거래되었습니다. Jianzhi는 2025년 2월 3일까지 180일의 준수 기간을 부여받았습니다 연속 10일 이상 $1.00 이상의 종가를 유지하여 준수를 회복하기 위해. 성공하지 못할 경우, 추가로 180일 기간을 받을 수 있습니다. Jianzhi는 이 통지가 현재의 상장 상태나 사업 운영에 영향을 미치지 않으며, 준수를 회복하기 위해 모든 합리적인 조치를 취할 것을 약속합니다.
Jianzhi Education Technology Group Company (NASDAQ: JZ), un fournisseur majeur de contenu pédagogique numérique en Chine, a reçu une notification de Nasdaq concernant le non-respect de l'exigence de prix d'offre minimum. Les actions de dépôt américaines (ADS) de l'entreprise ont été échangées en dessous de $1.00 pendant 30 jours ouvrables consécutifs. Jianzhi a reçu une période de conformité de 180 jours jusqu'au 3 février 2025, pour retrouver la conformité en maintenant un prix de clôture d'offre de $1.00 ou plus pendant au moins dix jours ouvrables consécutifs. En cas d'échec, l'entreprise pourrait être éligible à une période supplémentaire de 180 jours. Jianzhi assure que cette notification n'affecte pas son statut actuel de cotation ni ses opérations commerciales et s'engage à prendre toutes les mesures raisonnables pour retrouver la conformité.
Jianzhi Education Technology Group Company (NASDAQ: JZ), ein führender Anbieter von digitalen Bildungsinhalten in China, hat eine Mitteilung von Nasdaq erhalten, dass sie die Anforderungen an den minimalen Angebotspreis nicht erfüllt. Die amerikanischen Depotausgaben (ADS) des Unternehmens wurden 30 aufeinanderfolgende Geschäftstage unter $1,00 gehandelt. Jianzhi wurde eine 180-tägige Frist bis zum 3. Februar 2025 gewährt, um die Einhaltung wiederherzustellen, indem der Schlussgebotspreis von $1,00 oder mehr für mindestens zehn aufeinanderfolgende Geschäftstage gehalten wird. Bei Misserfolg könnte das Unternehmen für einen zusätzlichen 180-tägigen Zeitraum berechtigt sein. Jianzhi versichert, dass diese Mitteilung keinen Einfluss auf den aktuellen Listungsstatus oder die Geschäftstätigkeit hat und sich verpflichtet, alle angemessenen Maßnahmen zu ergreifen, um die Einhaltung wiederherzustellen.
- Granted 180-day compliance period to regain minimum bid price requirement
- Possibility of additional 180-day compliance period if needed
- No current effect on Nasdaq listing or trading status
- Company committed to taking measures to regain compliance
- ADSs trading below $1.00 for 30 consecutive business days
- Risk of potential delisting if compliance is not achieved
- Indication of weak market performance and investor confidence
Jianzhi Education's Nasdaq notification highlights a concerning trend in its stock performance. The 180-day compliance period provides a critical window for the company to address its
This notification reflects broader challenges in the Chinese education technology sector. Recent regulatory crackdowns and economic headwinds have significantly impacted investor sentiment. Jianzhi's stock performance may be influenced by these macro factors rather than company-specific issues alone. The 180-day window is an opportunity for Jianzhi to differentiate itself in a crowded market. Investors should watch for innovative product launches, strategic partnerships, or expansion into new markets that could reignite interest. However, the company's ability to navigate China's evolving regulatory landscape will be critical. A potential delisting, while not imminent, could severely impact liquidity and valuation, making this a high-risk situation for investors.
BEIJING, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that the Company has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated August 7, 2024, 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, the Company is provided with a compliance period of 180 calendar days, or until February 3, 2025, to regain compliance under the 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 the Company does not regain compliance by February 3, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period.
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 Jianzhi Education Technology Group Company Limited
Headquartered in Beijing and established in 2011, Jianzhi is a leading provider of digital educational content in China and has been committed to developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. Jianzhi started operations by providing educational content products and IT services to higher education institutions. Jianzhi also provides products to individual customers. Leveraging its strong capabilities in developing proprietary professional development training content and success in consolidating educational content resources within the industry, Jianzhi has successfully built up a comprehensive, multi-dimensional digital educational content database which offers a wide range of professional development products. Jianzhi embeds proprietary digital education content into the self-developed online learning platforms, which are provided to a wide range of customers through its omni-channel sales system. Jianzhi is also fully committed to the digitalization and informatization of the education sector in China. For more information, please visit: www.jianzhi-jiaoyu.com
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Janice Wang
Wealth Financial Services LLC
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FAQ
What is the minimum bid price requirement Jianzhi Education (JZ) failed to meet?
When is the deadline for Jianzhi Education (JZ) to regain compliance with Nasdaq's minimum bid price requirement?
How can Jianzhi Education (JZ) regain compliance with Nasdaq's minimum bid price requirement?
What happens if Jianzhi Education (JZ) doesn't regain compliance by February 3, 2025?
