TD Holdings, Inc. Granted Extension to Meet Nasdaq Minimum Bid Price Requirement
TD Holdings, Inc. (GLG)
Company Research
Source: PR Newswire
SHENZHEN, China, March 2, 2022 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that on March 1, 2022, the Company received a written notification from the Nasdaq's Listing Qualifications Department granting another 180 calendar day extension to meet Nasdaq continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until August 29, 2022 to regain compliance. If at any time before August 29, 2022, the bid price of the Company's ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will regain compliance with the Nasdaq Listing Rules, and the matter will be closed.The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Rule 5550(a)(2) and 5810(c)(3)(A) of the Nasdaq Listing
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