Jianzhi Education Technology Receives Nasdaq Notification Regarding Minimum Market Value Deficiency
- BEIJING, July 31, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced it has received a letter from the Nasdaq Stock Market LLC (“Nasdaq”) Listing Qualifications Department on July 26, 2024, notifying the Company is not in compliance with the minimum market value requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Global Select Market. Nasdaq Listing Rule 5450(b)(1)(C) requires companies to maintain a minimum market value of publicly held shares of at least US$5 million, and Listing Rule 5810(c)(3)(D) provides that a failure to meet the market value requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the market value of the Company for the 30 consecutive business days from June 12, 2024 to July 26, 2024, the Company no longer meets the minimum market value requirement.
- 07/31/2024
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Jianzhi Education Technology Receives Nasdaq Notification of Minimum Stockholders' Equity Non-Compliance
- BEIJING, May 28, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced it has received a letter from the Nasdaq Stock Market LLC (“Nasdaq”) Listing Qualifications Department on May 22, 2024, notifying the Company no longer complies with the Nasdaq Listing Rule 5450(b)(1)(A) that requires companies listed on the Nasdaq Global Select Market to maintain a minimum of $10,000,000 in stockholders' equity for continued listing, and the Company's Form 20-F for the year ended December 31, 2023 reported stockholders' equity of ($2,425,096). In accordance with the Rules, the Company has 45 calendar days, or until July 8, 2024, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the letter to evidence compliance.
- 05/28/2024
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Jianzhi Education Technology Group Company Limited Reports Fiscal Year 2023 Financial Results
- BEIJING, April 09, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced its financial results for fiscal year ended December 31, 2023.
- 04/09/2024
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Jianzhi Education Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
- BEIJING, March 07, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it has received a notification letter (the “Compliance Notice”) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated March 5, 2024, informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(1) (the “Minimum Bid Price Requirement”).
- 03/07/2024
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Jianzhi Education Announces Plan to Implement ADS Ratio Change
- BEIJING, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) from current one (1) ADS representing two (2) ordinary shares to a new ADS Ratio of one (1) ADS representing six (6) ordinary shares (the “ADS Ratio Change”). The Company anticipates that the ADS Ratio Change will be effective on or about February 20, 2024 (U.S. Eastern Time). Jianzhi's ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol “JZ”.
- 02/16/2024
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Jianzhi Education Technology Group Company Limited Reports First Half 2023 Financial Results
- BEIJING, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced its financial results for the first half of 2023.
- 12/08/2023
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Jianzhi Education Technology Group Company Limited Reports Fiscal Year 2022 Financial Results
- BEIJING, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced its financial results for fiscal year 2022.
- 09/29/2023
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Jianzhi Education Technology Group Company Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
- BEIJING, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that the Company has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated September 12, 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 Select Market.
- 09/15/2023
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Jianzhi Education Debuts Like Meme, But Then Gets Lesson In Gravity
- The adult education materials provider's stock rose by as much as a factor of 25 on its first trading day, but since then has returned to near its IPO level. Jianzhi Education's big first-day jump, followed by gradual declines back to its IPO price, signal the recent parade of China meme stocks on Wall Street could be losing steam.
- 09/02/2022
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Univest Securities, LLC Announces Closing of $25 Million Initial Public Offering of American Depository Shares for its Client Jianzhi Education Technology Group Company Limited (NASDAQ: JZ)
- New York, Aug. 30, 2022 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the “Offering”) for its client Jianzhi Education Technology Group Company Limited (“Jianzhi” or the “Company”)… The post Univest Securities, LLC Announces Closing of $25 Million Initial Public Offering of American Depository Shares for its Clien...
- 08/30/2022
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This Chinese Stock Skyrocketed Over 3,100% on Its IPO
- The stock price of a little-known Chinese technology company, Jianzhi Education Technology ( JZ , Financial), soared over 3,100% on Friday, Aug. 26 upon its initial public offering on the New York Stock Exchange. The company priced its IPO at just $5 per share, but it skyrocketed to over $160 per share on the day of the IPO before closing at $18.75.
- 08/28/2022
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