Missfresh receives nasdaq notice regarding stockholders' equity

Beijing, dec. 09, 2022 (globe newswire) -- missfresh limited (nasdaq: mf) (“missfresh” or the “company”), an innovator in china's neighborhood retail industry, today announced that by letter dated december 5, 2022, the listing qualifications department (the “staff”) of the nasdaq stock market llc (“nasdaq”) notified missfresh that it no longer satisfied the $10 million stockholders' equity requirement for continued listing on the nasdaq global market, as set forth in the nasdaq listing rule 5450(b)(1)(a) (the “stockholders' equity rule”) and that the staff has granted the company a 45-day period, through january 19, 2023, to submit a plan to regain compliance with that requirement or one of the alternative listing standards. the notice has no immediate impact on the company's listing or trading on nasdaq.
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