Burning rock regains compliance with nasdaq minimum bid price requirement

Guangzhou, china, june 03, 2024 (globe newswire) -- burning rock biotech limited (nasdaq: bnr and lse: bnr, the “company” or “burning rock”), a company focused on the application of next generation sequencing (ngs) technology in the field of precision oncology, today announced that it has received a notification letter from the staff of the listing qualifications department of the nasdaq stock market llc (“nasdaq”) on may 30, 2024, informing the company that it has regained compliance with the minimum bid price requirement set forth in nasdaq listing rule 5450(a)(1) (the “minimum bid price requirement”). as previously announced, on december 29, 2023, the company was notified by nasdaq that it was not in compliance with the minimum bid price requirement because the closing bid price for the company's american depositary shares (the “adss”) was below the minimum bid price of $1.00 per share for 30 consecutive business days.
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