GD Culture Group Ltd (GDC): Nasdaq/NYSE listing notice — GD Culture Group receives Nasdaq delisting notice for bid price below $1.00

GD Culture Group Ltd

Received notice on May 13, 2024; stock closed below $1.00 for 30 consecutive trading days.
Has 180 days (until Nov 11, 2024) to regain compliance by closing at $1.00+ for 10 days.
May be eligible for second 180-day period if other listing standards are met.
Company intends to monitor and consider options; no immediate effect on trading.
Common stock continues trading on Nasdaq under symbol GDC.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

GD Culture Group Ltd received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

May 13, 2024, GD Culture Group Limited (the “Company”) received a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.0001 (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requir

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GD Culture Group Ltd filing history →

Source: SEC EDGAR

accession 0001213900-24-043621

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