Cheche Group Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

Cheche Group (NASDAQ: CCG) announced that on August 4, 2026 it received written notification from Nasdaq that it has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2), and that the related listing matter is now closed.

Nasdaq determined that Cheche Group’s Class A ordinary shares maintained a closing bid price at or above US$1.00 per share for 10 consecutive business days from July 21, 2026 through August 3, 2026, restoring compliance after an earlier deficiency notice issued in January 2026.

Positive

• Regained Nasdaq minimum bid price compliance as of August 4, 2026
• Share price at or above US$1.00 for 10 consecutive business days
• Nasdaq confirms the minimum bid price compliance matter is now closed

Negative

• Previously non-compliant after trading below US$1.00 for 30 consecutive business days
• Required up to two 180-day cure periods extending to January 11, 2027

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BEIJING, Aug. 5, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on August 4, 2026, confirming that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement") and that the matter is now closed.

As previously announced, on January 12, 2026, Nasdaq notified the Company that the closing bid price of the Company's Class A ordinary shares had been below US$1.00 per share for 30 consecutive business days and, therefore, the Company did not comply with the Minimum Bid Price Requirement. The Company was initially provided a period of 180 calendar days, or until July 13, 2026, to regain compliance. On July 14, 2026, Nasdaq notified the Company that it was eligible for an additional 180-calendar-day compliance period, or until January 11, 2027, to regain compliance. Nasdaq's determination was based on the Company meeting the continued listing requirement for the market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, except for the Minimum Bid Price Requirement, as well as the Company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split.

Nasdaq has determined that the closing bid price of the Company's Class A ordinary shares was at or above US$1.00 per share for 10 consecutive business days from July 21, 2026 through August 3, 2026. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement, and the matter is now closed.

Safe Harbor Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en.

Cheche Group Inc.:

IR@chechegroup.com 

Crocker Coulson
crocker.coulson@aumadvisors.com
(646) 652-7185

View original content:https://www.prnewswire.com/news-releases/cheche-group-regains-compliance-with-nasdaq-minimum-bid-price-requirement-302843641.html

SOURCE Cheche Group Inc.

FAQ

What did Cheche Group (NASDAQ: CCG) announce on August 5, 2026 about its Nasdaq listing?

Cheche Group announced it regained compliance with Nasdaq’s minimum bid price rule and that the related matter is closed. According to Cheche Group, Nasdaq confirmed compliance after the stock maintained at least US$1.00 closing bid for 10 consecutive business days ending August 3, 2026.

When did Cheche Group (CCG) regain compliance with Nasdaq’s US$1.00 minimum bid price requirement?

Cheche Group regained compliance after its shares closed at or above US$1.00 for 10 consecutive business days from July 21 to August 3, 2026. According to Cheche Group, Nasdaq then issued a written notice on August 4, 2026 confirming compliance and closing the matter.

Why was Cheche Group (NASDAQ: CCG) previously out of compliance with Nasdaq Listing Rule 5550(a)(2)?

Cheche Group was out of compliance because its Class A ordinary shares closed below US$1.00 for 30 consecutive business days. According to Cheche Group, Nasdaq notified the company of this minimum bid price deficiency on January 12, 2026, triggering an initial 180-day cure period.

How much time did Cheche Group (CCG) have to fix its Nasdaq minimum bid price deficiency?

Cheche Group initially had 180 days, until July 13, 2026, to regain compliance. According to Cheche Group, Nasdaq then granted an additional 180-day period to January 11, 2027, after confirming the company met other continued and initial listing requirements on the Nasdaq Capital Market.

Did Cheche Group (NASDAQ: CCG) face delisting risk from Nasdaq in 2026 due to a low share price?

Cheche Group faced a potential delisting risk when its share price stayed below US$1.00 for 30 consecutive business days. According to Cheche Group, Nasdaq granted up to two 180-day cure periods, and compliance was ultimately regained, closing the minimum bid price matter.

What is the Nasdaq minimum bid price rule affecting Cheche Group (CCG) shares?

Nasdaq Listing Rule 5550(a)(2) requires a minimum US$1.00 closing bid price for continued listing on the Nasdaq Capital Market. According to Cheche Group, regaining compliance meant its Class A ordinary shares traded at or above this level for 10 consecutive business days in 2026.