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Scienjoy Holding Corporation Granted Additional 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
Prnewswire· 2026-01-09 13:30
Core Viewpoint - Scienjoy Holding Corporation has received a 180-day extension from Nasdaq to regain compliance with the minimum closing bid price requirement of US$1.00 per share, now having until July 6, 2026, to meet this requirement [1][2]. Group 1 - The extension follows the expiration of the initial compliance period on January 6, 2026, allowing the company additional time to meet the bid price requirement [2]. - To regain compliance, Scienjoy's Class A ordinary shares must close at or above US$1.00 for a minimum of 10 consecutive business days during the new compliance period [2]. - If compliance is not achieved by July 6, 2026, the company may face delisting from Nasdaq, but it can request a review of the delisting decision [3]. Group 2 - Scienjoy is positioned as a leader in interactive entertainment in the Chinese market, utilizing AI technology to create immersive experiences and redefine entertainment [4].