BAIYU Holdings, Inc.: Nasdaq/NYSE listing notice — TD Holdings receives Nasdaq deficiency notice for bid price below $1

BAIYU Holdings, Inc.

Received Nasdaq notice on May 15, 2023; bid price < $1.00 for 30 consecutive business days.
Has until November 13, 2023 to regain compliance by closing bid >= $1 for 10 consecutive days.
If not compliant by then, may qualify for an additional 180-day cure period if other listing standards are met.
Deficiency relates to Nasdaq Listing Rule 5550(a)(2); no immediate impact on listing.
Company may consider a reverse stock split to cure the bid price deficiency.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

BAIYU Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

May 15, 2023, TD Holdings, Inc. (the “Company”) received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its common shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under the Nasdaq Listing Rules, the Company has until Novem

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Source: SEC EDGAR

accession 0001213900-23-040478

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