Tarena Regains Compliance with Nasdaq Listing Rules

Rhea-AI Summary

Tarena International, Inc. (NASDAQ: TEDU) announced on June 2, 2022, that it has regained compliance with Nasdaq's minimum market value and minimum bid price requirements. This follows notifications from Nasdaq on January 20, 2022, and December 10, 2021, indicating previous non-compliance. Both matters have now been closed, improving Tarena's standing in the market. Tarena continues to provide innovative educational services, targeting both adult professional education and childhood education in China.

Positive

• Regained compliance with Nasdaq minimum market value requirement.
• Regained compliance with Nasdaq minimum bid price requirement.

Negative

• None.

BEIJING, June 2, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood & adolescent quality education services in China, today announced that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (the "Nasdaq") dated June 1, 2022, indicating that the Company has regained compliance with the minimum market value of publicly held shares requirement set forth in Rule 5450(b)(2)(C) of the Nasdaq Listing Rules for which the Company received a notification letter from the Nasdaq on January 20, 2022 for failure to meet such rule. The Company also previously received a notification letter from the Listing Qualification Department of the Nasdaq indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules for which the Company received a notification letter from the Nasdaq on December 10, 2021 for failure to meet such rule. Both matters have been closed.

About Tarena International, Inc.

Tarena is a leading provider of adult professional education and childhood and adolescent quality education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers adult professional education courses in IT and non-IT subjects. Its adult professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Tarena also offers childhood and adolescent quality education programs, including computer coding and robotics programming courses, etc., targeting students aged between three and eighteen.

For further information, please contact:

Investor Relations Contact
Tarena International, Inc.
Email: ir@tedu.cn

View original content:https://www.prnewswire.com/news-releases/tarena-regains-compliance-with-nasdaq-listing-rules-301559903.html

SOURCE Tarena International, Inc.

FAQ

What is the recent compliance status of Tarena International (TEDU)?

Tarena International has regained compliance with Nasdaq's minimum market value and minimum bid price requirements as of June 2022.

When did Tarena receive notification from Nasdaq regarding compliance?

Tarena received the notification on June 1, 2022, for regaining compliance.

What actions did Tarena take regarding Nasdaq compliance?

Tarena addressed previous non-compliance issues from January 20, 2022, and December 10, 2021, successfully meeting the requirements.

What services does Tarena International provide?

Tarena offers adult professional education and childhood education services, including IT courses and coding for children.