TCTM Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Source: Newsfilter
Notification from Nasdaq: TCTM Kids IT Education Inc. received a notification from Nasdaq indicating that its American depositary shares have been below the minimum bid price of $1.00 for 30 consecutive business days, which puts it at risk of non-compliance with listing requirements. The company has a grace period until July 2, 2025, to regain compliance.
Company's Operations Unaffected: Despite the notification, TCTM's business operations remain unaffected, and the company plans to take necessary measures to meet compliance requirements within the specified timeframe.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
