On December 17, 2024, JIADE Limited received a notification letter from the Nasdaq Stock Market LLC, indicating non-compliance with the minimum bid price requirement. The company's ordinary shares had a closing bid price below US$1.00 for 30 consecutive business days, from November 4, 2024, to December 16, 2024.
Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of US$1.00 per share for continued listing. The notification provides JIADE Limited with 180 calendar days, until June 16, 2025, to regain compliance.
To regain compliance, the company's ordinary shares must achieve a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. While the company's business operations are not immediately affected, failure to comply could result in delisting from the Nasdaq Capital Market.
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