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.
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.
