On June 21, Capital State learned that recently, there were reports that Zhangmen Education had announced that he had changed his name to "Master Intelligence". At present, Zhangmen Education's code in the OTC market has also been changed to "ZMENY", which may be a transformation to an intelligent technology company.
According to the 2021 financial report, Zhangmen Education founder and CEO Zhang Yi said that in the fourth quarter, the company made a strategic change to the online education business and established the SaaS Division to provide online SaaS solutions for domestic and foreign educational institutions. The new business unit promotes the company's digital transformation and educational technology, and provides students with rich and innovative education plans and learning resources.
Looking to the future, the company will continue to optimize its business and focus on quality education and education informationization as well as intelligent hardware products. In the field of quality education, Zhangmen Education began to focus on education information and SaaS software services, focusing on the integration of group resources to promote the normal use of SaaS software services in institutions and schools at home and abroad.
On June 2, Zhangmen Education announced that he had received a written notice from the New York Stock Exchange to start the delisting process for Zhangmen Education's American depositary shares (ADS).
According to Section 802.01B of the Handbook of listed companies on the New York Stock Exchange, Zhangmen Education failed to maintain his global average market capitalization at at least $15 million for 30 consecutive trading days, which failed to meet the criteria for continuous listing on the New York Stock Exchange. so the NYSE regulatory department decided to delist Zhangmen Education's American depositary shares.
The company said it wanted to apply for an offer for its American depositary shares at the appropriate OTC market level. Delisting and transition to the OTC market will not change the company's obligation to submit annual and certain other reports to SEC under applicable federal securities laws.
Zhangmen Education received a warning letter from the NYSE in April 2022 because its total market capitalization and shareholder equity were lower than the NYSE's compliance standards.
2021年6月8日，掌门教育成功在纽交所上市，其首次公开发行价为11.50美元。该公司的股价在今年6月2日停牌时，股价仅有0.6美元，较历史最高点跌去了99.6%。