ATA Creativity Global Regains Compliance with Nasdaq’s Minimum Bid Price Requirement; Receives Notification Regarding Minimum Stockholders’ Equity Deficiency

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BEIJING, Dec.03, 2024 (GLOBE NEWSWIRE) -- ATA Creativity Global ("ACG” or the "Company”, Nasdaq: AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students’ creativity, today announced two updates regarding its compliance status of continued listing requirements under The Nasdaq Stock Market LLC ("Nasdaq”) Listing Rules.

Receives Notification Regarding Minimum Stockholders’ Equity Deficiency The Company has received a letter (the "Stockholders’ Equity Letter”) from the Nasdaq Listing Qualifications Department dated November 27, 2024, notifying that the Company is not in compliance with the minimum stockholders’ equity requirement.

The Stockholders’ Equity Letter has no immediate effect on the Company’s listing on the Nasdaq Global Market, and during the compliance period, which may be extended, the Company’s ADSs will continue to trade on Nasdaq Global Market under the symbol "AACG.” The Company’s business operations are not affected by the Stockholders’ Equity Letter.

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Article Details

Author / Journalist: ATA Creativity Global

Category: Technology

Markets: China

Topics: US00211V1061 Nasdaq:AACG

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 13:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 30 words per sentence (average)

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News ID: 24092245

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