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CMCM - Cheetah Mobile receives non-compliance letter regarding ADS trading price
Cheetah Mobile Inc. American Depositary Shares each representing 10 Class
NYSE notified Cheetah Mobile (NYSE:CMCM) that it is below compliance standards due to the low trading price of the company's ADR. As of Apr. 14, 2022, the 30 trading-day average price of the ADSs was $0.98. The company has been granted six months to gain compliance and post that period, NYSE will commence suspension and delisting procedures. The company is considering all options to address the issue.