Jianzhi Receives Good News from Nasdaq
Rhea-AI Summary
Jianzhi Education Technology Group (NASDAQ: JZ) has regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq that its American depositary shares (ADSs) maintained a closing bid price of $1.00 or higher for ten consecutive business days from November 13 through November 26, 2024. This resolves the previous non-compliance notice received on August 7, 2024, which had given Jianzhi until February 3, 2025, to meet the minimum bid price requirement of $1.00 per share.
Positive
- Regained Nasdaq listing compliance, eliminating delisting risk
- Stock price recovery above $1.00 threshold for required period
Negative
- None.
News Market Reaction – JZ
In the trading session that priced this news, JZ declined 0.37%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, Nov. 29, 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 written notification letter (the “Compliance Notice”) from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated November 27, 2024, informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
“We take our NASDAQ listing very seriously,” commented Mr. Yong Hu, CEO of the Company. “And we’re happy to be back in the saddle,” he added.
As previously announced, the Company received a notification letter from the Nasdaq dated August 7, 2024, 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
About Jianzhi Education Technology Group Company Limited
Headquartered in Beijing and established in 2011, Jianzhi is a leading provider of digital educational content in China and has been committed to developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. Jianzhi started operations by providing educational content products and IT services to higher education institutions. Jianzhi also provides products to individual customers. Leveraging its strong capabilities in developing proprietary professional development training content and success in consolidating educational content resources within the industry, Jianzhi has successfully built up a comprehensive, multi-dimensional digital educational content database which offers a wide range of professional development products. Jianzhi embed proprietary digital education content into the self-developed online learning platforms, which are provided to a wide range of customers through its omni-channel sales system. Jianzhi is also fully committed to the digitalization and informatization of the education sector in China. For more information, please visit: www.jianzhi-jiaoyu.com.
Safe Harbor Statement
This press release (the “Press Release”) contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this Press Release is as of the date of this Press Release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Janice Wang
WFS Investor Relations Inc.
Phone: +86 13811768559
+1 628 283 9214
Email: services@wealthfsllc.com
