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Stock impact report

Gridsum Receives NASDAQ Notice Regarding Non-Compliance with Minimum Market Value of Publicly Held Shares Requirement

GRIDSUM HOLDING INC ADS (GSUM) 
Last gridsum holding inc ads earnings: 5/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gridsum.com
Company Research Source: PR Newswire
BEIJING, May 4, 2020 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that on May 1, 2020, it received a letter (the "Nasdaq Letter") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq"), indicating that for the last thirty consecutive business days, the Company's Market Value of Publicly Held Shares ("MVPHS") had been below the minimum value of $15,000,000 required for continued listing on The Nasdaq Global Select Market under Nasdaq Listing Rule 5450(b)(3)(C).The Nasdaq Letter has no immediate impact on the listing of the Company's American depositary shares, each representing one Class B ordinary share of the Company, on The Nasdaq Global Select Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(D), the Company has been granted a 180-calendar day grace period to regain compliance with the MVPHS requir Show less Read more
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