Core Points - TuanChe Limited has received notification letters from Nasdaq regarding non-compliance with annual meeting and minimum stockholders' equity requirements [1][2][3] - The company reported a stockholder's deficit of ($787,000) as of June 30, 2024, failing to meet the minimum requirement of $2,500,000 in stockholders' equity [3] - TuanChe plans to submit a compliance plan within 45 days and seeks an exemption from the annual meeting requirement [4][5] Company Overview - TuanChe Limited, founded in 2010, is a leading automotive marketplace platform in China, connecting consumers with manufacturers, dealers, and service providers [6] - The company integrates digital platforms with offline sales events to offer comprehensive automotive marketing and transaction services [6] - TuanChe is exploring entry into the cryptocurrency sector [6]
Tuanche Limited announces the receipt of Nasdaq non-compliance notifications regarding the annual meeting and the minimum stockholders’ equity requirements