Rise education receives nasdaq notification regarding minimum bid price compliance

Beijing , april 6, 2022 /prnewswire/ -- rise education cayman ltd ("rise" or the "company") (nasdaq: redu) today announced that it has received a letter from the listing qualifications department (the "staff") of the nasdaq stock market llc ("nasdaq") notifying the company that its continued non-compliance with nasdaq listing rule 5450(a)(1), which requires maintenance of a minimum closing bid price of us$1.00 per share, could serve as an additional basis for the delisting of the company's securities from nasdaq. the company was previously granted a 180-day grace period to regain compliance with the minimum bid price requirement on september 27, 2021, which expired on march 28, 2022.
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