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Baijiayun Group Ltd Announces Receipt of Nasdaq Notice

Baijiayun Group Ltd Announces Receipt of Nasdaq Notice

百佳雲集團有限公司宣佈收到納斯達克通知
PR Newswire ·  03/18 20:15

BEIJING, March 18, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced that it received a notification letter dated March 14, 2024 (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the "Nasdaq"), indicating that the Company is not in compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules as the closing bid price of the Company's Class A ordinary share (the "Share") has been below US$1.00 per Share for a period of 30 consecutive trading days.

北京,2024年3月18日 /PRNewswire/ — 一站式人工智能視頻解決方案提供商百佳雲集團有限公司(“百佳雲” 或 “公司”)(納斯達克股票代碼:RTC)今天宣佈,它收到了納斯達克股票市場有限責任公司(“納斯達克”)上市資格部門於2024年3月14日發出的通知信(“通知信”),表明該公司未遵守最低出價《納斯達克上市規則》第5450 (a) (1) 條中規定的要求,即公司A類普通股(“股份”)的收盤價爲連續30個交易日跌破每股1.00美元。

The Notification Letter has no immediate impact on the Company's listing on the Nasdaq Global Market. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until September 10, 2024 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per Share is at least US$1.00 for a minimum of 10 consecutive trading days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. If the Company does not regain compliance by September 10, 2024, the Company may be eligible for additional time to regain compliance. To qualify, the Company must apply for a transfer to the Nasdaq Capital Market and meet the continued listing requirements for market value of publicly held shares and all other initial listing standards, with the exception of bid price requirement, of the Nasdaq Capital Market, and provides written notice to Nasdaq of its intention to cure the deficiency.

通知信對公司在納斯達克全球市場的上市沒有直接影響。根據納斯達克上市規則第5810(c)(3)(A)條,公司的合規期爲180個日曆日,或直到2024年9月10日(“合規期”),以重新遵守納斯達克的最低出價要求。如果在合規期內的任何時候,至少連續10個交易日的每股收盤出價至少爲1.00美元,納斯達克將向公司提供書面合規確認書,此事將結案。如果公司在2024年9月10日之前仍未恢復合規,則公司可能有資格獲得更多時間來恢復合規。要獲得資格,公司必須申請向納斯達克資本市場轉讓,滿足公開持股市值的持續上市要求和納斯達克資本市場除投標價要求以外的所有其他初始上市標準,並向納斯達克提供書面通知,說明其彌補缺陷的意圖。

The Company intends to monitor the closing bid price of its Shares and will continue to consider its available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Company is currently in compliance with all other Nasdaq continued listing standards. The Notification Letter does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements or contractual obligations.

該公司打算監控其股票的收盤出價,並將繼續考慮其可用選項,以重新遵守《納斯達克上市規則》下的最低出價要求。該公司目前遵守所有其他納斯達克持續上市標準。通知信不影響公司的業務運營、其美國證券交易委員會的報告要求或合同義務。

Safe Harbor Statement

安全港聲明

This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements.

本新聞稿包含某些 “前瞻性陳述”。這些聲明是根據1995年《美國私人證券訴訟改革法》的 “安全港” 條款作出的。非歷史事實的陳述,包括有關各方觀點和預期的陳述,均爲前瞻性陳述。“將”、“期望”、“相信”、“估計”、“打算”、“計劃” 等詞語以及類似的表述表示前瞻性陳述。

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change.

此類前瞻性陳述本質上是不確定的,股東和其他潛在投資者必須認識到,由於各種因素,實際業績可能與預期存在重大差異。此類前瞻性陳述基於管理層當前的預期,包括已知和未知的風險、不確定性和其他因素,其中許多因素難以預測或控制,這些因素可能導致實際業績、業績或計劃與此類前瞻性陳述所表達或暗示的任何未來業績、業績或計劃存在重大差異。此處提供的前瞻性信息代表公司截至本新聞稿發佈之日的估計,隨後的事件和事態發展可能會導致公司的估計發生變化。

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

公司明確否認將來有任何更新前瞻性信息的義務。因此,不應依賴這些前瞻性信息來代表公司對截至本新聞稿發佈之日後任何日期的未來財務業績的估計。

A further list and description of risks and uncertainties can be found in the documents that the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

風險和不確定性的更多清單和描述可以在公司提交或提供或可能向美國證券交易委員會提交或提供的文件中找到,鼓勵您閱讀這些文件。如果其中一項或多項風險或不確定性成爲現實,或者基本假設被證明不正確,則實際結果可能與此類前瞻性陳述所示或預期的結果存在重大差異。因此,提醒您不要過分依賴這些前瞻性陳述。前瞻性陳述僅與其發表日期有關,除非法律或適用法規要求,否則公司沒有義務更新前瞻性陳述以反映其發表之日後的事件或情況。

About Baijiayun Group Ltd

關於百佳雲集團有限公司

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com.

百佳雲是一家一站式人工智能視頻解決方案提供商,在SaaS/PaaS解決方案方面擁有核心專業知識。百佳雲致力於跨設備和跨地域提供可靠、高質量的視頻體驗,自2017年成立以來發展迅速。百佳雲以其行業領先的視頻爲中心技術,提供豐富的以視頻爲中心的技術解決方案,包括視頻SaaS/PaaS、視頻雲和軟件以及視頻人工智能和系統解決方案。百佳雲迎合了各種規模和行業的企業不斷變化的通信和協作需求。欲了解更多信息,請訪問 ir.baijiayun.com。

For investor and media enquiries, please contact:

投資者和媒體垂詢,請聯繫:

Ms. Fangfei Liu
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: [email protected]

劉芳菲女士
百家雲集團有限公司首席財務官
電話:+86 25 8222 1596
電子郵件:[電子郵件保護]

SOURCE Baijiayun Group Ltd

來源:百佳雲集團有限公司

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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