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

Core Points - ATA Creativity Global has regained compliance with the minimum bid price requirement under Nasdaq Listing Rules, with its American depositary shares (ADSs) closing at $1.00 or greater from November 1 to November 25, 2024 [2] - The company received a notification regarding a deficiency in minimum stockholders' equity, indicating that it does not meet the required$10,000,000 in stockholders' equity as per Nasdaq Listing Rule 5450(b)(1)(A) [3][4] - The company has 45 calendar days to submit a plan to regain compliance with the minimum stockholders' equity requirement, with a potential extension of up to 180 days if the plan is accepted [5] - The Stockholders' Equity Letter does not have an immediate effect on the company's listing, and its ADSs will continue to trade on Nasdaq during the compliance period [6] Company Overview - ATA Creativity Global is an international educational services company focused on providing quality learning experiences that enhance students' creativity, offering services such as portfolio training, research-based learning, and overseas study counseling [7]