Jianzhi Education Technology Group Company Limited ADR (JZ) has released an update.
Jianzhi Education Technology Group, a prominent digital educational content provider in China, has been notified by Nasdaq of a market value deficiency, with its shares falling below the $5 million threshold required for continued listing on the Nasdaq Global Select Market. The company has been granted a 180-day period to regain compliance, during which it must maintain the minimum market value for at least ten consecutive business days. Despite this setback, Jianzhi’s business operations remain unaffected, and the company is exploring options, including a potential transfer to The Nasdaq Capital Market, should they fail to meet the criteria within the given timeframe.
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