Quhuo Regains Compliance with Nasdaq Continued Listing Requirements

Rhea-AI Summary

Quhuo (Nasdaq: QH), a leading gig economy platform for local life services in China, has announced that it has regained compliance with Nasdaq's continued listing requirements. The company received notification from Nasdaq confirming its compliance with the minimum market value of publicly held shares requirement under Nasdaq Listing Rule 5450(b)(1)(C) and the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1).

As a result of meeting these criteria, Quhuo is now in full compliance with all Nasdaq continued listing criteria. This development ensures the company's continued presence on the Nasdaq stock exchange, which is important for maintaining investor confidence and market visibility.

Positive

• Quhuo has regained compliance with Nasdaq's continued listing requirements
• The company meets the minimum market value of publicly held shares requirement
• Quhuo satisfies the minimum bid price requirement
• Full compliance with all Nasdaq continued listing criteria ensures continued listing on the exchange

Negative

• None.

BEIJING, Oct. 17, 2024 /PRNewswire/ -- Quhuo Limited (Nasdaq: QH) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, today announced that it received notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with Nasdaq's minimum market value of publicly held shares requirement under Nasdaq Listing Rule 5450(b)(1)(C) and minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). The Company is now in compliance with all Nasdaq continued listing criteria.

About Quhuo Limited

Quhuo Limited is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

 

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SOURCE Quhuo Limited

FAQ

What Nasdaq listing requirements has Quhuo (QH) regained compliance with?

Quhuo (QH) has regained compliance with Nasdaq's minimum market value of publicly held shares requirement under Rule 5450(b)(1)(C) and minimum bid price requirement under Rule 5450(a)(1).

When did Quhuo (QH) receive notification of compliance from Nasdaq?

Quhuo (QH) received notification from Nasdaq confirming compliance on October 17, 2024.

Is Quhuo (QH) now in full compliance with all Nasdaq listing criteria?

Yes, Quhuo (QH) is now in compliance with all Nasdaq continued listing criteria.

What is Quhuo's (QH) primary business focus?

Quhuo (QH) is a leading gig economy platform focusing on local life services in China.