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Stock impact report

PINTEC Receives NASDAQ Notification Regarding Minimum Bid Price Compliance [MarketWatch]

Pintec Technology Holdings Limited - American Depositary Shares (PT) 
Company Research Source: MarketWatch
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 180 calendar days, or by June 6, 2022, the Company may be eligible for additional time to regain compliance or may face delisting from the exchange. The Company is currently in compliance with all other NASDAQ continued listing standards. The NASDAQ notification does not affect the Company's business operations or its Securities and Exchange Commission reporting requirements. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Secu Show less Read more
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