China Liberal Education Holdings Limited Has Regained Compliance with Nasdaq's Minimum Bid Price Deficiency
NasdaqNasdaq(US:NDAQ) Prnewswire·2025-01-13 13:30

Core Viewpoint - China Liberal Education Holdings Limited has regained compliance with Nasdaq's Minimum Bid Price Requirement, closing the matter after a share consolidation and maintaining a bid price above $1.00 for 10 consecutive business days [1][4]. Group 1: Compliance with Nasdaq - The company received a Compliance Notice from Nasdaq on January 10, 2025, confirming it has met the Minimum Bid Price Requirement [1]. - Previously, on August 21, 2024, the company was notified of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days [2]. - To address this deficiency, the company executed a share consolidation on December 24, 2024, consolidating 15 ordinary shares into one ordinary share, effectively increasing the par value from $0.015 to $0.225 [3]. Group 2: Share Price Performance - The company demonstrated a closing bid price of at least $1.00 per share for 10 consecutive business days from December 24, 2024, to January 8, 2025, thereby regaining compliance [4]. Group 3: Company Overview - China Liberal is an educational services provider based in Beijing, specializing in technological consulting for smart campus solutions and job readiness training for students [5].