Scienjoy Holding Corporation Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Scienjoy Holding (NASDAQ: SJ) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's closing bid price for its Class A ordinary shares was below $1.00 for 30 consecutive business days from June 18 to July 31, 2024. Scienjoy has been granted a 180-day compliance period until January 28, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
If Scienjoy fails to meet this requirement by the deadline, it may be eligible for an additional 180-day grace period, provided it meets other Nasdaq Capital Market listing standards and expresses intention to cure the deficiency. The notification has no immediate impact on Scienjoy's listing, and its shares will continue to trade on Nasdaq under the ticker SJ.
Scienjoy Holding (NASDAQ: SJ) ha ricevuto una comunicazione da Nasdaq riguardante la non conformità con il requisito del prezzo minimo di offerta. Il prezzo di chiusura delle offerte per le sue azioni ordinarie di Classe A è stato inferiore a $1,00 per 30 giorni lavorativi consecutivi, dal 18 giugno al 31 luglio 2024. A Scienjoy è stato concesso un periodo di conformità di 180 giorni fino al 28 gennaio 2025, per ripristinare la conformità mantenendo un prezzo di chiusura di offerta di almeno $1,00 per un minimo di 10 giorni lavorativi consecutivi.
Se Scienjoy non dovesse soddisfare questo requisito entro la scadenza, potrebbe avere diritto a un ulteriore periodo di grazia di 180 giorni, a condizione che soddisfi altri standard di quotazione del Nasdaq Capital Market e manifesti l'intenzione di rimediare alla carenza. La notifica non ha impatto immediato sulla quotazione di Scienjoy, e le sue azioni continueranno a essere scambiate su Nasdaq con il ticker SJ.
Scienjoy Holding (NASDAQ: SJ) ha recibido una notificación de Nasdaq sobre el incumplimiento del requisito del precio mínimo de oferta. El precio de cierre de la oferta para sus acciones ordinarias de Clase A estuvo por debajo de $1.00 durante 30 días hábiles consecutivos, desde el 18 de junio hasta el 31 de julio de 2024. A Scienjoy se le ha otorgado un período de cumplimiento de 180 días hasta el 28 de enero de 2025, para recuperar la conformidad manteniendo un precio de cierre de oferta de al menos $1.00 durante un mínimo de 10 días hábiles consecutivos.
Si Scienjoy no logra cumplir con este requisito dentro del plazo, podría ser elegible para un período adicional de gracia de 180 días, siempre que cumpla con otros estándares de cotización del Nasdaq Capital Market y exprese la intención de corregir la deficiencia. La notificación no tiene ningún impacto inmediato en la cotización de Scienjoy, y sus acciones continuarán negociándose en Nasdaq bajo el ticker SJ.
Scienjoy Holding (NASDAQ: SJ)은 최소 입찰 가격 요구 사항을 준수하지 않았다는 내용의 통지를 Nasdaq으로부터 받았습니다. 2024년 6월 18일부터 7월 31일까지의 30일 동안, 클래스 A 보통주의 종가가 $1.00 이하였습니다. Scienjoy는 2025년 1월 28일까지 180일의 준수 기간을 부여받아, 최소 10일 연속으로 종가가 $1.00 이상인 경우 준수를 회복해야 합니다.
만약 Scienjoy가 이 요구 사항을 마감일까지 충족하지 않으면, 다른 Nasdaq 자본 시장 상장 기준을 충족하고 결함을 수정하려는 의사를 표현할 경우, 추가로 180일의 유예 기간을 받을수 있습니다. 이 통지는 Scienjoy의 상장에 즉각적인 영향을 미치지 않으며, 해당 주식은 계속해서 Nasdaq에서 SJ의 티커로 거래됩니다.
Scienjoy Holding (NASDAQ: SJ) a reçu une notification de la part de Nasdaq concernant le non-respect de l'exigence de prix d'offre minimum. Le prix de clôture des offres pour ses actions ordinaires de Classe A était inférieur à 1,00 $ pendant 30 jours de bourse consécutifs, du 18 juin au 31 juillet 2024. Scienjoy a obtenu une période de conformité de 180 jours jusqu'au 28 janvier 2025 pour rétablir la conformité en maintenant un prix de clôture d'au moins 1,00 $ pendant un minimum de 10 jours de bourse consécutifs.
Si Scienjoy échoue à respecter cette exigence avant la date limite, il pourrait être éligible à une période de grâce supplémentaire de 180 jours, à condition de respecter d'autres normes de cotation du Nasdaq Capital Market et d'exprimer son intention de remédier à cette déficience. La notification n'a pas d'impact immédiat sur la cotation de Scienjoy, et ses actions continueront d'être négociées sur le Nasdaq sous le ticker SJ.
Scienjoy Holding (NASDAQ: SJ) hat eine Mitteilung von Nasdaq bezüglich der Nichteinhaltung der Mindestgebotsanforderung erhalten. Der Schlusskurs für die Klasse A Stammaktien des Unternehmens lag vom 18. Juni bis 31. Juli 2024 an 30 aufeinanderfolgenden Geschäftstagen unter 1,00 $. Scienjoy wurde eine 180-tägige Compliance-Periode bis zum 28. Januar 2025 gewährt, um die Compliance wiederherzustellen, indem der Schlusskurs an mindestens 10 aufeinanderfolgenden Geschäftstagen bei mindestens 1,00 $ gehalten wird.
Wenn Scienjoy diese Anforderung bis zur Frist nicht erfüllt, könnte das Unternehmen Anspruch auf eine zusätzliche 180-tägige Nachfrist haben, vorausgesetzt, es erfüllt andere Listing-Standards des Nasdaq Capital Market und äußert die Absicht, den Mangel zu beheben. Die Mitteilung hat keine unmittelbaren Auswirkungen auf die Listung von Scienjoy, und die Aktien werden weiterhin unter dem Ticker SJ an der Nasdaq gehandelt.
- Scienjoy's shares continue to trade uninterrupted on Nasdaq
- Company has 180 days to regain compliance with minimum bid price requirement
- Potential for additional 180-day grace period if initial compliance period is not met
- Scienjoy's stock price has fallen below $1.00 for 30 consecutive business days
- Company is not in compliance with Nasdaq's minimum bid price requirement
- Risk of delisting if compliance is not regained within the given timeframe
Insights
Scienjoy's Nasdaq non-compliance notification is a significant red flag for investors. The company's stock trading below
Investors should closely monitor Scienjoy's financial performance and any strategic moves to boost share price. Potential actions like a reverse stock split may artificially inflate the price but don't address underlying issues. The company's ability to regain compliance will depend on improving fundamentals and restoring investor confidence in its interactive entertainment business model.
This notification reflects broader challenges in the Chinese interactive entertainment sector. Scienjoy's struggle to maintain a
- The company's competitive position in the Chinese market
- Impact of recent regulatory changes on the industry
- Scienjoy's user acquisition and retention strategies
The
This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Notification Letter has no immediate effect on the listing of the Company's Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker "SJ".
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until January 28, 2025 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Ordinary Shares is at least
In the event the Company does not regain compliance with the minimum bid price requirement by January 28, 2025, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.
About Scienjoy Holding Corporation
Scienjoy is a pioneering Nasdaq-listed interactive entertainment leader. Driven by the vision of shaping a metaverse lifestyle, Scienjoy leverages AI-powered technology to create immersive experiences that resonate with global audiences, fostering meaningful connections and redefining entertainment. For more information, please visit http://ir.scienjoy.com/.
Safe Harbor Statement
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission ("SEC") from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
For investor and media inquiries, please contact:
Investor Relations Contacts
Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
Ascent Investor Relations LLC
Tina Xiao
+1-646-932-7242
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SOURCE Scienjoy Holding Corporation
FAQ
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