Zhihu Regains Compliance with NYSE ADS Trading Price Requirement

Rhea-AI Summary

Zhihu has regained compliance with the NYSE's minimum average share price requirement of US$1.00 over a 30 trading-day period, as confirmed in a letter dated June 3, 2024. The company had previously been notified on December 28, 2023, that its American Depositary Shares (ADS) were below the required trading price. The latest notification signifies that Zhihu's ADS are now trading above the minimum threshold, resolving the compliance issue.

Positive

• Zhihu has regained compliance with NYSE's trading price requirement, stabilizing its stock price above the US$1.00 minimum.
• Resolution of the compliance issue may reduce investor concerns about potential delisting risks.

Negative

• Zhihu's stock had previously fallen below the NYSE's minimum trading price requirement, indicating past volatility and investor uncertainty.

BEIJING, June 5, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) ("Zhihu" or the "Company"), a leading online content community in China, today announced that it has received a letter from the New York Stock Exchange ("NYSE") dated June 3, 2024 (the "Compliance Notice"), notifying the Company that it is no longer considered below the NYSE's continued listing criterion of a minimum average share price of US$1.00 over a 30 trading-day period (the "NYSE Trading Price Requirement").

As previously announced, the Company received a letter from the NYSE dated December 28, 2023, notifying the Company that it was below compliance standards due to the trading price of its American Depositary Shares. Following the receipt of the Compliance Notice, the Company is no longer considered below the NYSE Trading Price Requirement and has regained compliance regarding this matter.

About Zhihu Inc.

Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content community in China where people come to find solutions, make decisions, seek inspiration, and have fun. Since the initial launch in 2010, we have grown from a Q&A community into one of the top comprehensive online content communities and the largest Q&A-inspired online content community in China. For more information, please visit https://ir.zhihu.com. 

For investor and media inquiries, please contact:

In China:

Zhihu Inc.
Email: ir@zhihu.com 

Piacente Financial Communications
Helen Wu
Tel: +86 (10) 6508-0677
Email: zhihu@tpg-ir.com 

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: zhihu@tpg-ir.com 

View original content:https://www.prnewswire.com/news-releases/zhihu-regains-compliance-with-nyse-ads-trading-price-requirement-302164799.html

SOURCE Zhihu Inc.

FAQ

What is the current trading status of Zhihu's ADS on NYSE?

Zhihu's ADS are currently compliant with the NYSE's minimum average share price requirement.

When did Zhihu receive the compliance notice from NYSE?

Zhihu received the compliance notice on June 3, 2024.

What was the issue with Zhihu's stock price on NYSE?

Zhihu's stock price had fallen below the NYSE's minimum average share price requirement of US$1.00 over a 30 trading-day period.

When was Zhihu initially notified about the non-compliance?

Zhihu was initially notified about the non-compliance on December 28, 2023.

What does regaining compliance mean for Zhihu's investors?

Regaining compliance means reduced risks of delisting and potential restoration of investor confidence in Zhihu.