Pop Culture Group Co., Ltd. announced on March 21, 2025, that it received a notification letter from Nasdaq on March 17, 2025, regarding non-compliance with the minimum bid price requirement. The company's Class A ordinary shares failed to maintain a minimum bid price of US$1.00 for 30 consecutive business days, from January 30, 2025, to March 14, 2025.
The notification does not immediately impact the company's listing on The Nasdaq Capital Market. Pop Culture Group has been granted 180 calendar days, until September 15, 2025, to regain compliance with the listing rule.
To regain compliance, the company's Class A ordinary shares must achieve a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. The company stated it intends to monitor its share price and may consider options such as a reverse share split if necessary.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.