JIADE (JDZG) Faces Nasdaq Delisting Risk After Stock Price Falls Below $1 Requirement
JIADE (JDZG) has received a notification from Nasdaq on December 17, 2024, indicating non-compliance with the minimum bid price requirement. The company’s stock failed to maintain the required $1.00 per share minimum bid price for 30 consecutive business days from November 4 to December 16, 2024.
The company has been granted a 180-day compliance period until June 16, 2025, during which it must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. JIADE is considering various options, including a potential reverse share split, to regain compliance and avoid potential delisting.
JIADE (JDZG) ha ricevuto una notifica da Nasdaq il 17 dicembre 2024, che indica la non conformità con il requisito del prezzo minimo di offerta. Le azioni della società non sono riuscite a mantenere il prezzo minimo richiesto di $1,00 per azione per 30 giorni lavorativi consecutivi, dal 4 novembre al 16 dicembre 2024.
La società ha ricevuto un periodo di conformità di 180 giorni fino al 16 giugno 2025, durante il quale deve raggiungere un prezzo di chiusura di almeno $1,00 per un minimo di 10 giorni lavorativi consecutivi. JIADE sta considerando varie opzioni, tra cui una potenziale riduzione del valore delle azioni, per ripristinare la conformità ed evitare una possibile delisting.
JIADE (JDZG) ha recibido una notificación de Nasdaq el 17 de diciembre de 2024, indicando el incumplimiento del requisito del precio mínimo de oferta. Las acciones de la empresa no lograron mantener el precio mínimo requerido de $1.00 por acción durante 30 días hábiles consecutivos, desde el 4 de noviembre hasta el 16 de diciembre de 2024.
A la empresa se le ha otorgado un período de cumplimiento de 180 días hasta el 16 de junio de 2025, durante el cual debe alcanzar un precio de cierre de al menos $1.00 durante un mínimo de 10 días hábiles consecutivos. JIADE está considerando diversas opciones, incluyendo un posible split inverso de acciones, para recuperar la conformidad y evitar una posible deslistación.
JIADE (JDZG)는 2024년 12월 17일 Nasdaq으로부터 최소 입찰 가격 요건을 충족하지 못했다는 통지를 받았습니다. 회사의 주가는 2024년 11월 4일부터 2024년 12월 16일까지 30거래일 연속으로 필수인 주당 $1.00의 최소 입찰 가격을 유지하지 못했습니다.
회사는 2025년 6월 16일까지 180일의 준수 기간을 부여받았으며, 이 기간 동안 최소 10거래일 연속으로 주가를 $1.00 이상으로 마감해야 합니다. JIADE는 준수를 회복하고 잠재적인 상장 폐지를 피하기 위해 잠재적인 주식 병합과 같은 다양한 옵션을 고려하고 있습니다.
JIADE (JDZG) a reçu une notification de Nasdaq le 17 décembre 2024, indiquant le non-respect de l’exigence de prix d’offre minimum. Les actions de la société n’ont pas réussi à maintenir le prix d’offre minimum requis de 1,00 $ par action pendant 30 jours de bourse consécutifs, du 4 novembre au 16 décembre 2024.
La société a été accordée un délai de conformité de 180 jours jusqu’au 16 juin 2025, pendant lequel elle doit atteindre un prix de clôture d’au moins 1,00 $ pendant un minimum de 10 jours de bourse consécutifs. JIADE envisage plusieurs options, y compris un éventuel regroupement d’actions, pour rétablir la conformité et éviter un éventuel retrait de la cote.
JIADE (JDZG) hat am 17. Dezember 2024 eine Mitteilung von Nasdaq erhalten, die auf die Nichterfüllung der Mindestgebotsanforderung hinweist. Die Aktien des Unternehmens konnten den geforderten Mindestgebotskurs von $1,00 pro Aktie für 30 aufeinanderfolgende Geschäftstage vom 4. November bis 16. Dezember 2024 nicht aufrechterhalten.
Dem Unternehmen wurde ein 180-tägiger Zeitraum zur Erfüllung der Anforderungen bis zum 16. Juni 2025 gewährt, in dem es einen Schlusskurs von mindestens $1,00 für mindestens 10 aufeinanderfolgende Geschäftstage erreichen muss. JIADE erwägt verschiedene Optionen, einschließlich eines möglichen Reverse-Splits der Aktien, um die Einhaltung wiederherzustellen und eine mögliche Delisting zu vermeiden.
Negative
- Stock price fell below $1.00 minimum requirement for Nasdaq listing
- Risk of potential delisting if compliance is not achieved by June 16, 2025
- Company may need to implement reverse stock split, which typically indicates financial distress
Insights
For retail investors, this situation requires careful monitoring as reverse splits, while mathematically neutral, often face negative market sentiment and post-split price declines. The extended compliance period provides some breathing room, but the company’s small market cap and sustained price weakness suggest structural challenges beyond mere technical compliance issues. Historical patterns show that companies receiving such notices often struggle to maintain compliance even after implementing corrective measures, with many eventually facing delisting.
The company’s response, focusing on mechanical solutions like a potential reverse split rather than addressing underlying business improvements, raises concerns about long-term strategic planning. While the 180-day compliance window offers time for corrective action, the absence of specific business enhancement initiatives in their response suggests a reactive rather than proactive governance approach. The timing of this notice, coming as we enter 2025, puts additional pressure on management to demonstrate viable business improvement strategies beyond technical compliance measures.
Chengdu, China , Dec. 20, 2024 (GLOBE NEWSWIRE) — 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 December 17, 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
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 June 16, 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
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 LIMITED
Investor Relations Department
Email: [email protected]
FAQ
What is the deadline for JDZG to regain Nasdaq compliance?
JDZG has until June 16, 2025, to regain compliance with Nasdaq’s minimum bid price requirement.
What must JDZG’s stock price reach to maintain Nasdaq listing?
JDZG’s stock must maintain a minimum bid price of $1.00 per share for at least 10 consecutive business days.
Why did JDZG receive a Nasdaq deficiency notice?
JDZG received the notice because its stock price remained below $1.00 for 30 consecutive business days from November 4 to December 16, 2024.
What actions might JDZG take to regain Nasdaq compliance?
JDZG is considering various options, including implementing a reverse share split of its outstanding ordinary shares.
Will JDZG be immediately delisted from Nasdaq?
No, the notification does not impact JDZG’s immediate listing status, and the company has until June 16, 2025, to regain compliance.
