Flj receives nasdaq notification regarding minimum bid price deficiency

Shanghai, china, june 28, 2023 (globe newswire) -- flj group limited (nasdaq: flj) (“flj” or the “company”), a leading technology-driven long-term apartment rental platform in china, announced today that it has received a written notification (the “notification letter”) from the nasdaq stock market llc (“nasdaq”) dated june 27, 2023 indicating that the company is not in compliance with the minimum bid price requirement set forth in the nasdaq rules for continued listing on the nasdaq global market. nasdaq listing rule 5450(a)(1) requires companies to maintain a minimum bid price of $1 per share, and listing rule 5810(c)(3)(a) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. based on the bid price of the company for the 30 consecutive business days may 12 through june 26, 2023, the company no longer meets the minimum bid price requirement. this notification does not impact the listing and trading of the company's securities at this time.
FLJ Ratings Summary
FLJ Quant Ranking