Cheche Group Inc. (NASDAQ: CCG) received a Nasdaq Notification Letter dated January 12, 2026, which the company disclosed on January 13, 2026. The letter states that the company’s closing bid price had fallen below the required US$1.00 for 30 consecutive business days, triggering a deficiency notice.
The Nasdaq Listing Qualifications Department has granted Cheche a 180‑calendar‑day compliance period that ends on July 13, 2026. During this time the company must maintain a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. An additional 180‑day extension may be available if other listing requirements are satisfied.
Cheche’s bid‑price issue is not a first‑time occurrence. The company previously regained compliance on September 19, 2025, indicating a recurring challenge. In the same period, the company has been working to reduce losses: its operating loss fell 93.7 % year‑over‑year in Q4 2024, and the full‑year 2024 operating loss dropped 60.3 % from the prior year, reflecting cost‑control efforts and a shift toward higher‑margin new‑energy‑vehicle (NEV) insurance products.
The sustained low share price is driven by market volatility, intense competition in the auto‑insurance‑technology space, and a lower mix of NEV premiums, which tend to generate smaller margins. Management has said it will monitor the price closely and explore options such as share buybacks, strategic partnerships, and operational improvements to lift the bid price above the Nasdaq threshold.
The Nasdaq notification is a formal regulatory action that could affect investor perception and trading liquidity. If Cheche fails to regain compliance by the July 13 deadline, the company risks delisting, which would have significant implications for its ability to raise capital and maintain market presence.
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