QTT - Qutoutiao receives Nasdaq notice for minimum bid price requirement

• Qutoutiao ( NASDAQ: QTT ) received Nasdaq notification dated September 26, 2022 for not being in compliance with the minimum bid price requirement.
• The closing bid price of the company’s ADSs was below the minimum bid price of $1.00/share for the last 30 consecutive business days.
• The company has a compliance period of 180 calendar days, or until March 27, 2023, to regain compliance.
• In the event the company does not regain compliance by March 27, 2023, subject to the determination by the staff of Nasdaq, the company may be eligible for an additional 180-day compliance period.
• As previously announced, the company also received a separate notice from Nasdaq, indicating the company’s deficiency in meeting the continued listing requirement of minimum MVPHS $15M for which the company has until March 13, 2023 to regain compliance.

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