I-Mab announced that on March 19, 2025, it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC. The notice indicated that the company is not in compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1).
The deficiency is based on the closing bid price of the company's listed securities for the period from February 3, 2025, to March 18, 2025. The notice serves as a notification of deficiency and does not have an immediate effect on the listing of I-Mab's American Depositary Shares (ADSs).
I-Mab has been provided a period of 180 calendar days, until September 15, 2025, to regain compliance with the Listing Rules. To achieve compliance, the closing bid price of its ADSs must meet or exceed $1.00 for at least ten consecutive business days.
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