2023-03-29 06:12:04 ET
- Listing Qualifications department of The Nasdaq Stock informed Lizhi ( NASDAQ: LIZI ) that it has approved the company's request to transfer the listing of its ADS from The Nasdaq Global Market to The Nasdaq Capital Market.
- The transfer is expected to take effect as of Mar.30, 2023 market open and will not have any impact on trading in the company's ADSs.
- The company had received non-compliance notice in October 2022 and was granted 180 calendar days or until Apr.10, 2023 to regain compliance with the minimum bid price requirement.
- Shares trading 4.3% higher premarket.
For further details see:
Lizhi granted approval to transfer to The Nasdaq Capital Market