Jianzhi Education Technology Group Company Limited has regained compliance with Nasdaq's minimum bid price requirement after receiving a notification from the Nasdaq Listing Qualifications Department. The company had previously received a notification for a Minimum Bid Price deficiency due to its ADSs' closing bid price being below the minimum bid price of $1.00 for 30 consecutive business days. Jianzhi cured the deficiency by effectuating an ADS ratio change and maintaining a closing bid price of $1.00 or higher for 18 consecutive business days. The matter is now closed.
Title: Jianzhi Education Technology Group Regains Nasdaq Compliance
Beijing, July 2, 2025 β Jianzhi Education Technology Group Company Limited (NASDAQ: JZ), a leading provider of digital educational content in China, has regained compliance with Nasdaq's minimum bid price requirement after receiving a notification from the Nasdaq Listing Qualifications Department [1].
The company previously received a notification on January 15, 2025, indicating that for the last 30 consecutive business days, the closing bid price for the Company's American depositary shares (ADSs) was below the minimum bid price of US$1.00 [1]. This deficiency necessitated compliance with Nasdaq Listing Rule 5550(a)(2), which requires a closing bid price of US$1.00 per share or higher for a minimum of ten consecutive business days.
To address this, Jianzhi effectuated an ADS ratio change on June 16, 2025, adjusting the ratio of ADSs from one ADS representing six ordinary shares to one ADS representing sixty ordinary shares [1]. This action was aimed at raising the closing bid price of its ADSs to meet the minimum bid price requirement.
The company successfully maintained a closing bid price of its ADSs at or above US$1.00 per share for eighteen consecutive business days from June 16 through July 11, 2025 [1]. This period of compliance has now been confirmed by Nasdaq, thereby closing the matter [1].
Jianzhi Education Technology Group, headquartered in Beijing and established in 2011, has been committed to developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. The company started operations by providing educational content products and IT services to higher education institutions and has since expanded to individual customers [1].
References
[1] https://www.prnewswire.com/news-releases/jianzhi-education-has-regained-compliance-with-nasdaqs-minimum-bid-price-requirement-302505320.html
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