TuanChe Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
TuanChe Limited - American Depositary Shares (TC)
Company Research
Source: PR Newswire
BEIJING, Feb. 12, 2024 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated February 9, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement").As previously announced, TuanChe received a notification letter (the "Deficiency Notice") from the Nasdaq dated February 17, 2023 indicating that the closing bid price for the Company's American depositary shares (the "ADSs") was below the minimum bid price of $1.00 required for continued listing under the Nasdaq Listing Rule 5550(a)(2) for 30 consecutive business days. According to the Deficiency Notice, if at any time during the 180-day compliance period, the closing bid price of the Company's ADSs is at least $1
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News
- PARA, AMC among major communication services gainers; NFLX, TC among losers [Seeking Alpha]Seeking Alpha
- TuanChe Files Its Annual Report on Form 20-FPR Newswire
- TuanChe regains Nasdaq minimum price compliance [Seeking Alpha]Seeking Alpha
- TuanChe Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
TC
Sec Filings
- 3/28/24 - Form 20-F
- 2/14/24 - Form 6-K
- TC's page on the SEC website