Nasadaq Notifies Hywin Holdings Regarding Non-Compliance With Minimum Bid Price Requirement
Nasadaq Notifies Hywin Holdings Regarding Non-Compliance With Minimum Bid Price Requirement
Hywin Holdings Ltd. ("Hywin", or the "Company") (NASDAQ:HYW) today announced that it has received a notification letter dated May 28, 2024 (the "Notice") from the staff of the Listing Qualifications Department of The Nasdaq Stock Market Inc. (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 American depositary shares ("ADSs") has been below US$1.00 per ADS for a period of 30 consecutive trading days. The Notice has no immediate effect on the listing or trading of the Company's ADSs on Nasdaq.
Hywin Holdings Ltd.（“Hywin”，或 “公司”）（納斯達克股票代碼：HYW）今天宣佈，它已收到納斯達克股票市場公司（“納斯達克”）上市資格部門工作人員於2024年5月28日發出的通知信（“通知”），表明該公司未遵守納斯達克第5450（a）（1）條中規定的最低出價要求《上市規則》規定，該公司美國存托股票（“ADS”）的收盤出價在連續30個交易日內一直低於每份ADS1.00美元。該通知對公司ADS在納斯達克的上市或交易沒有立即影響。
譯文內容由第三人軟體翻譯。