17edtech has regained compliance with nasdaq's minimum bid price requirement

Beijing, jan. 05, 2024 (globe newswire) -- 17 education & technology group inc. (nasdaq: yq) (“17edtech” or the “company”), a leading education technology company in china, today announced that it received a notification letter (the “compliance notice”) from the listing qualifications department of the nasdaq stock market llc (“nasdaq”) dated january 4, 2024, indicating that the company has regained compliance with the nasdaq listing rule 5450(a)(1) (the “minimum bid price requirement”) and the matter is closed. on august 3, 2023, 17edtech received a notification letter (the “deficiency notice”) from the nasdaq indicating that the closing bid price for the company's american depositary shares (“adss”) was below the minimum bid price of $1.00 required for continued listing under nasdaq listing rule 5450(a)(1) for 30 consecutive business days.
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