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Stock impact report

Viomi Announces Receipt of Minimum Bid Price Notice from Nasdaq

Viomi Technology Co., Ltd - American Depositary Shares (VIOT) 
Last viomi technology co., ltd - american depositary shares earnings: 3/26 06:00 am Check Earnings Report
Company Research Source: PR Newswire
GUANGZHOU, China, March 27, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated March 26, 2024, indicating that because the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1).Pursuant to the Nasdaq Listing Rules, the Company is provided with a compliance period of 180 calendar days, or until September 23, 2024, to regain compliance. If at any time during the 180-day compliance period, the closing bid price of the Company's ADSs is at lease US$1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide the Company Show less Read more
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