The9 Limited Regains Compliance with Nasdaq Listing Requirement

Rhea-AI Summary

The9 Limited (Nasdaq: NCTY) has announced it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The notification from Nasdaq was received on November 2, 2020, confirming that the matter is now closed. This development marks a significant step for The9, which seeks to solidify its position as a diversified Internet company based in China. The company was initially listed on Nasdaq in 2004.

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SHANGHAI, Nov. 3, 2020 /PRNewswire/ -- The9 Limited ("The9") (Nasdaq: NCTY), an established Internet company, today announced that it received a notification letter from the Nasdaq Stock Market LLC ("Nasdaq") on November 2, 2020 stating that The9 has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) and the matter is now closed.

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified Internet company.

Website: https://www.the9.com/en

 

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SOURCE The9 Limited

FAQ

What does The9 Limited's compliance with Nasdaq mean for NCTY stock?

The9 Limited's compliance with Nasdaq indicates that it has met the necessary requirements to remain listed, fostering investor confidence.

When did The9 Limited regain compliance with Nasdaq requirements?

The9 Limited regained compliance on November 2, 2020.

What was the notification from Nasdaq about The9 Limited?

The notification confirmed that The9 has regained compliance with Nasdaq Listing Rule 5550(a)(2), closing the matter.

How long has The9 Limited been listed on Nasdaq?

The9 Limited has been listed on Nasdaq since 2004.