2023-04-12 06:15:44 ET
- Lizhi ( NASDAQ: LIZI ) has received another 180-days extension to regain compliance with Nasdaq's minimum bid price requirement for continued listing.
- The audio-based social and entertainment platform received a letter from Nasdaq on October 11, 2022 for its non-compliance with Nasdaq Listing Rule 5450(a)(1). In response, the firm applied to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market.
- The request was approved and subsequent transfer took effect at the opening of business on March 30, 2023.
- As a result of the transfer, the exchange granted a second period of 180 calendar days, or until October 9, 2023, to regain compliance.
For further details see:
Lizhi gets additional time to regain compliance with Nasdaq's listing rule