- Lizhi ( NASDAQ: LIZI ) has received a Nasdaq notice related to its non-compliance with the exchange's minimum bid price listing requirement.
- The closing bid price of the company’s American depositary shares was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1) for the last 30 consecutive business days.
- It now has 180 calendar days, or until April 10, 2023, to regain compliance under the Nasdaq Listing Rules.
- Lizhi shares gained over 6% after-hours
For further details see:
Lizhi receives minimum bid price notification from Nasdaq