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WEI - Weidai regains compliance with NYSE minimum price requirement
Weidai Ltd. American depositary shares each representing one Class A
Weidai (NYSE:WEI) regained compliance with the NYSE's continued listing standard for share prices, after it received a letter from the NYSE dated Aug. 31, 2021. For regaining compliance with the minimum share price requirement, the company changed its class A ordinary share to ADS ratio from one ADS representing one class A ordinary share to one ADS representing five class A ordinary shares, effective Jan. 26, 2022.