JIADE LIMITED Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
2024年8月3日 - 5:05AM
JIADE LIMITED (Nasdaq: JDZG) (the “Company”), a company that
specializes in providing one-stop comprehensive education
supporting services to adult education institutions, today
announced that the Company received a letter (the “Notification
Letter”) from the Listing Qualifications Department of the Nasdaq
Stock Market LLC (“Nasdaq”) on July 31, 2024, notifying the Company
that it is not in compliance with the minimum bid price requirement
set forth in the Nasdaq Listing Rules for continued listing on the
Nasdaq.
Nasdaq Listing Rule 5550(a)(2) requires listed
securities to maintain a minimum bid price of US$1.00 per share,
and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to
meet the minimum bid price requirement exists if the deficiency
continues for a period of 30 consecutive business days. Based on
the closing bid price of the Company’s ordinary shares for the 30
consecutive business days from June 14, 2024 to July 30, 2024, the
Company no longer meets the minimum bid price requirement.
The Notification Letter does not impact the
Company's listing on the Nasdaq Capital Market at this time. In
accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has
been provided 180 calendar days, or until January 27, 2025, to
regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain
compliance, the Company's ordinary shares must have a closing bid
price of at least US$1.00 for a minimum of 10 consecutive business
days. In the event the Company does not regain compliance by
January 27, 2025, the Company may be eligible for additional time
to regain compliance or may face delisting.
The Company’s business operations are not affected by the
receipt of the Notification Letter. The Company intends to monitor
the closing bid price of its ordinary shares and may, if
appropriate, consider implementing available options, including,
but not limited to, implementing a reverse share split of its
outstanding ordinary shares, to regain compliance with the minimum
bid price requirement under the Nasdaq Listing Rules.
About JIADE LIMITED
JIADE LIMITED specializes in providing one-stop
comprehensive education supporting services to adult education
institutions, through a wide spectrum of software platform and
auxiliary solutions, to meet the evolving needs of its customers in
the rapidly changing adult education industry. The Company’s
services are primarily offered through the Kebiao Technology
Educational Administration Platform (the “KB Platform”), which
facilitates streamlined information and data management throughout
the teaching cycle of adult education services, from pre-enrollment
to post-graduation. The KB Platform supports a broad range of
functions, such as enrollment consultation, student information
collection, enrollment status management, learning progress
management, grade inquiry, and graduation management. The Company
also provides auxiliary solutions to adult education institutions,
which encompass teaching support services throughout the entire
teaching cycle and related exam administration services.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
find many (but not all) of these statements by the use of words
such as “approximates,” “believes,” “hopes,” “expects,”
“anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,”
“would,” “should,” “could,” “may”, or other similar expressions in
this press release. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the U.S. Securities
and Exchange Commission.
For more information, please
contact:
JIADE LIMITEDInvestor Relations
DepartmentEmail: kebiao@sckbkj.com
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
JIADE (NASDAQ:JDZG)
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