Yatra Regains Compliance with NASDAQ Minimum Bid Price Requirement

Rhea-AI Summary

Yatra Online, Inc. (NASDAQ: YTRA) has announced it has regained compliance with NASDAQ's minimum bid price requirement. Following a notification from the NASDAQ Listing Qualifications Department, Yatra's ordinary shares were priced at $1.00 or greater for at least 10 consecutive business days, specifically from November 9 to November 23, 2020. This compliance status applies to NASDAQ Marketplace Rule 5550(a)(2) and the issue is now considered closed by NASDAQ.

Positive

• Regained compliance with NASDAQ minimum bid price requirement.
• Ordinary shares maintained a closing bid price of $1.00 or greater for 10 consecutive business days.

Negative

• None.

GURUGRAM, India and NEW YORK, Nov. 24, 2020 /PRNewswire/ -- Yatra Online, Inc. ("Company") (NASDAQ: YTRA; OTCQX: YTROF), India's leading corporate travel services provider and one of India's leading online travel companies, announced today that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, Inc. notifying the Company that it has regained compliance with the NASDAQ Capital Market's minimum bid price continued listing requirement. 

The letter noted that for at least 10 consecutive business days, from November 9 through November 23, 2020, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with NASDAQ Marketplace Rule 5550(a)(2) and NASDAQ considers the matter closed.

About Yatra Online, Inc.
Yatra Online, Inc. is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading corporate travel services provider with over 700+ Corporate customers and one of India's leading online travel companies and operates the website https://www.yatra.com/. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 103,000 hotels in India and over 1,500,000 hotels around the world.

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SOURCE Yatra Online, Inc.

FAQ

What does Yatra Online's NASDAQ compliance mean for investors?

Yatra Online's regained compliance indicates stability in its stock price, which is important for investor confidence.

When did Yatra Online regain compliance with NASDAQ?

Yatra Online regained compliance on November 24, 2020, after meeting the required bid price for 10 consecutive business days.

What is the current stock price status of Yatra Online?

As of November 23, 2020, Yatra Online's stock price was at or above $1.00, ensuring compliance with NASDAQ's requirements.

Which NASDAQ rule did Yatra Online meet?

Yatra Online met the requirements set out in NASDAQ Marketplace Rule 5550(a)(2).

How many corporate customers does Yatra Online have?

Yatra Online serves over 700 corporate customers in India.