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On April 11, 2023, LIZHI INC. (NASDAQ: LIZI) received a 180-day extension from Nasdaq to meet the minimum bid price requirement for continued listing, now due by October 9, 2023. This follows an initial notification on October 11, 2022, regarding non-compliance with the minimum bid price rule, as the company’s ADSs had closed below $1.00 for 30 consecutive trading days. LIZHI recently transferred its ADS listing from the Nasdaq Global Market to the Nasdaq Capital Market, which contributed to the extension approval. To comply, LIZHI must ensure its ADSs close at or above $1.00 for at least 10 consecutive business days by the new deadline. The company is actively monitoring the situation and may consider options like a reverse stock split.
LIZHI INC. (NASDAQ: LIZI) has announced an update to its social networking platform, TIYA App, featuring the MY AI FRIEND chatbot. This version offers enhanced personalization, allowing users to customize aspects such as name, gender, and visual style. The chatbot utilizes AI-generated content technology for a unique appearance and integrates with TIYA's features for sharing moods and playing games. MY AI FRIEND is powered by OpenAI’s language model, aiming to improve user interactions. Future updates will include voice functions through LIZHI’s voice AI technologies, enhancing the overall companion experience.