Yunji regains compliance with Nasdaq’s listing rule

seekingalpha
30 Sep 2024
  • Yunji (NASDAQ:YJ) has regained compliance with the Nasdaq’s minimum bid price listing requirement.
  • On October 5, 2023, the company received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of its ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days.
  • According to the compliance notice, the closing bid price of the company's ADSs has been at $1.00 per ADS or greater for ten consecutive business days from September 13, 2024 through September 26, 2024.

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