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Stock impact report

PINTEC Receives NASDAQ Notification Regarding Minimum Bid Price Compliance

Pintec Technology Holdings Limited - American Depositary Shares (PT) 
Company Research Source: PR Newswire
BEIJING, Dec. 10, 2021 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced that it received notification from NASDAQ Listing Qualifications ("NASDAQ") on December 9, 2019 that it is not in compliance with the minimum bid price requirement set forth in Listing Rules for continued listing on the NASDAQ Stock Exchange as the closing price of the Company's ADSs have been less than US$1 over a consecutive 30-trading-day period. In accordance with Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, being until June 6, 2022, to regain compliance with the minimum bid price.  In order to regain compliance, the Company's ADSs must have a closing bid price of at least US$1 for a minimum of 10 consecutive trading days.  In the event that the Company does not regain compliance during the first notice period of Show less Read more
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