Zhitong Financial APP learned that$Qutoutiao (QTT.US)$NASDAQ was notified on September 26, 2022 that it did not meet the minimum share price requirements. The company's American depositary receipts closed below the minimum price requirement of $1.00 a share for the past 30 consecutive trading days.

The company has a compliance period of 180 calendar days, or March 27, 2023, to restore compliance. If the company fails to return to compliance by March 27, 2023, the company may be eligible for an additional 180 days of compliance, according to the decision of Nasdaq staff.

Earlier, the company received another notice from Nasdaq because it did not comply with the rule that the market value of publicly held shares that continue to be listed on Nasdaq should not be less than $15 million.