BQ - Boqii receives NYSE non-compliance letter for market cap and stockholders' equity

NYSE notified Boqii (NYSE:BQ) that its total market capitalization and stockholders' equity are below its compliance criteria. A company would be considered below criteria by the NYSE if its total market capitalization is less than $50M over a 30- trading day period and its stockholders' equity is less than $50M. The company is required to respond within 90 days of the Letter with a business plan that demonstrates compliance with the continued listing standard within 18 months of receipt of the letter. The letter has no immediate impact on the listing of the ADSs, which will continue to trade on the NYSE. The company plans to consider various options to regain compliance. Shares trading 3.2% down premarket.

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Boqii receives NYSE non-compliance letter for market cap and stockholders' equity