Core Viewpoint - YXT.com Group Holding Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for its American depositary shares (ADSs) [1][2]. Group 1: Compliance Notification - The company has been notified that for the last 30 consecutive business days, the closing bid price of its ADSs was below the minimum requirement of US$1.00 per share [1]. - The notification, termed the "Deficiency Letter," does not currently affect the listing or trading of the company's ADSs on Nasdaq [1]. Group 2: Compliance Period - YXT.com has a compliance period of 180 calendar days, until July 27, 2026, to regain compliance with Nasdaq's minimum bid price requirement [2]. - If the closing bid price reaches at least US$1.00 for a minimum of ten consecutive business days during this period, Nasdaq will confirm compliance [2]. Group 3: Potential Actions and Consequences - If compliance is not regained by July 27, 2026, the company may apply for additional time by submitting a transfer application to the NASDAQ Capital Market [3]. - The company must meet continued listing requirements, except for the bid price requirement, and may need to consider a reverse stock split to cure the deficiency [3]. Group 4: Monitoring and Business Operations - The company intends to monitor the closing bid price of its ADSs and is considering options to regain compliance with Nasdaq's requirements [4]. - The Deficiency Letter does not impact the company's business operations or its reporting obligations to the U.S. Securities and Exchange Commission [4]. Group 5: Company Overview - YXT.com is a technology company focused on enterprise productivity solutions, aiming to empower organizational development through technology [5]. - The company has been recognized by numerous Global and China Fortune 500 companies since its inception [5].
YXT.com Announces Receipt of Nasdaq Notice