RegulatoryJul 24, 2026, 08:16 AM
Fangdd Receives Nasdaq Minimum Bid Price Non-Compliance Notice
AI Summary
Fangdd Network Group Ltd. announced it received a notification from Nasdaq on July 22, 2026, indicating non-compliance with the minimum bid price requirement. The company's Class A ordinary shares traded below US$1 for 30 consecutive business days. Fangdd has been granted a 180-calendar day period, until January 19, 2027, to regain compliance. The notification does not immediately affect the listing or trading of its shares, and the company is evaluating options to address the deficiency.
Key Highlights
- Received Nasdaq notification on July 22, 2026, regarding minimum bid price non-compliance.
- Non-compliant with Nasdaq Listing Rule 5550(a)(2) as bid price closed below US$1.
- Bid price was below US$1 for 30 consecutive business days from June 8 to July 21, 2026.
- Granted 180 calendar days until January 19, 2027, to regain compliance.
- Compliance can be regained if closing bid price is at least US$1 for 10 consecutive business days.
- May be eligible for an additional 180-day compliance period if certain conditions are met.
- Notification has no immediate effect on the listing or trading of shares.
- Company intends to monitor bid price and consider options to regain compliance.
Price Impact