Fangdd Network Group Ltd. announced on October 11, 2024, that it had regained compliance with the Nasdaq Stock Market's minimum bid price requirement. The company received a notification letter from Nasdaq confirming this compliance.
Nasdaq confirmed that for ten consecutive business days, from September 26 through October 9, 2024, the closing bid price of FangDD's Class A ordinary shares was at US$1.00 per share or greater. This development resolves the previous non-compliance notification issued on December 13, 2023.
Regaining compliance is a significant positive for FangDD, as it ensures the continued listing of its shares on Nasdaq. This action alleviates concerns regarding potential delisting, which can negatively affect investor sentiment and the company's market accessibility.
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