17 education & technology group inc. announces receipt of minimum bid price notice from nasdaq

Beijing, aug. 12, 2023 (globe newswire) -- 17 education & technology group inc. (nasdaq: yq) (“17edtech” or the “company”), a leading education technology company in china, today announced that it has received written notification from the staff of the listing qualifications department of the nasdaq stock market llc ("nasdaq") dated august 3, 2023, indicating that for the last 30 consecutive business days, the closing bid price for the company's american depositary shares (the “adss”) was below the minimum bid price of us$1.00 per share requirement set forth in nasdaq listing rule 5450(a)(1). the nasdaq notification letter has no current effect on the listing or trading of the company's securities on the nasdaq global market.
YQ Ratings Summary
Quant
YQ Quant Ranking
Sector
Industry
Quant Rating
Quant Score