Sound Group Inc. Regains Compliance with NASDAQ Requirement
Sound Group (NASDAQ: SOGP) has successfully regained compliance with Nasdaq's periodic filing requirement under Listing Rule 5250(c)(1), as confirmed by Nasdaq on November 1, 2024. The notification marks the closure of this compliance matter, ensuring the company's continued listing on the Nasdaq Stock Market.
Sound Group (NASDAQ: SOGP) ha ripristinato con successo la conformità ai requisiti di deposito periodico di Nasdaq secondo la Regola di Quotazione 5250(c)(1), come confermato da Nasdaq il 1 novembre 2024. La notifica segna la conclusione di questa questione di conformità, garantendo la continua quotazione della società sul Nasdaq Stock Market.
Sound Group (NASDAQ: SOGP) ha recuperado con éxito el cumplimiento con el requisito de presentación periódica de Nasdaq bajo la Regla de Cotización 5250(c)(1), como lo confirmó Nasdaq el 1 de noviembre de 2024. La notificación marca el cierre de este asunto de cumplimiento, asegurando la continuación de la cotización de la compañía en el Nasdaq Stock Market.
사운드 그룹 (NASDAQ: SOGP)는 2024년 11월 1일 나스닥이 확인한 바와 같이, 나스닥의 정기 제출 요구사항을 성공적으로 준수했습니다. 이 통지는 해당 준수 문제의 종결을 의미하며, 나스닥 증권 시장에서 회사의 지속적인 상장을 보장합니다.
Sound Group (NASDAQ: SOGP) a réussi à retrouver la conformité avec l'exigence de dépôt périodique de Nasdaq selon la Règle de Cotation 5250(c)(1), comme confirmé par Nasdaq le 1er novembre 2024. La notification marque la clôture de cette affaire de conformité, garantissant la cotation continue de l'entreprise sur le marché boursier Nasdaq.
Sound Group (NASDAQ: SOGP) hat erfolgreich die Einhaltung der regelmäßigen Einreichungsanforderung von Nasdaq gemäß der Zulassungsregel 5250(c)(1) wiederhergestellt, wie Nasdaq am 1. November 2024 bestätigt hat. Die Benachrichtigung markiert den Abschluss dieser Compliance-Angelegenheit und stellt sicher, dass das Unternehmen weiterhin an der Nasdaq-Börse gelistet ist.
- Regained compliance with Nasdaq listing requirements
- Eliminated risk of potential delisting from Nasdaq
- None.
Insights
Regaining Nasdaq compliance is a critical development that removes a significant regulatory overhang for Sound Group. This resolution eliminates the immediate risk of delisting and helps maintain institutional investor accessibility to the stock. While this news stabilizes the company's listing status, it's primarily a return to baseline expectations rather than a catalyst for growth. The compliance restoration preserves Sound Group's access to capital markets and maintains its ability to attract institutional investors who may be restricted from investing in non-compliant companies.
The timely resolution suggests strong internal controls and management commitment to maintaining listing standards. However, investors should monitor future filing compliance as historical issues can indicate underlying operational or administrative challenges.
SINGAPORE, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Sound Group Inc. (NASDAQ: SOGP) (“Sound Group” or the “Company”), a global audio-centric social and entertainment company, announced today that it has received notification from The Nasdaq Stock Market LLC (“Nasdaq”) on November 1, 2024, confirming the Company has regained compliance with the periodic filing requirement for Nasdaq under Listing Rule 5250(c)(1). Nasdaq noted this matter is now closed.
About Sound Group Inc.
Sound Group Inc. is a global audio-centric social and entertainment company driven by a clear mission and vision: building the world’s largest audio platform to better connect and communicate. The Company is dedicated to shaping a future where audio not only bridges gaps but also amplifies human connection through the power of sound. Sound Group Inc. has been listed on Nasdaq since January 2020.
For more information, please visit: https://ir.soundgroupinc.com/
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, results of operations and financial condition; the expected growth of the online audio market; the expectation regarding the rate at which to gain active users, especially paying users; the Company’s ability to monetize the user base; fluctuations in general economic and business conditions in China and overseas markets; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
Sound Group Inc.
IR Department
E-mail: ir@soundgroupinc.com
Piacente Financial Communications
Jenny Cai
E-mail: soundgroup@tpg-ir.com
FAQ
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