Tctm announces receipt of nasdaq notification regarding minimum bid price

Beijing , jan. 8, 2025 /prnewswire/ -- tctm kids it education inc. (nasdaq: tctm) ("tctm" or the "company"), a leading provider of it-focused supplementary stem education services in china, today announced that it received a written notification from the staff of the listing qualifications department of the nasdaq stock market llc ("nasdaq") dated january 3, 2025 (the "notification"), indicating that because the closing bid price of the company's american depositary shares ("adss") for the last 30 consecutive business days was below the minimum bid price of us$1.00 per share, the company no longer meets the minimum bid price requirement for the nasdaq capital market, set forth in nasdaq listing rule 5550(a)(2). the notification has no immediate effect on the listing or the trading of the company's adss on the nasdaq capital market.
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