Here is an article about Scienjoy Holding Corporation’s Nasdaq notification, written in a polite and informative tone:
Scienjoy Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Scienjoy Holding Corporation (NASDAQ: SJ) has recently received a notification letter from the Nasdaq Stock Market indicating a non-compliance with Nasdaq’s listing rule concerning the minimum bid price for listed securities. This notification signifies that the company’s common stock has not maintained a bid price of $1.00 or more for a consecutive 30 business days, as required by Nasdaq Listing Rule 5550(a)(2).
This development is a standard regulatory procedure for companies whose share price falls below the stipulated threshold. While receiving such a notification can be a cause for concern, it’s important to understand that Nasdaq provides listed companies with a grace period to regain compliance with the minimum bid price requirement.
Scienjoy Holding Corporation is reportedly exploring strategic options to address this deficiency and is committed to complying with Nasdaq’s listing standards. The company will have a specified period, typically 180 calendar days from the date of the notification, to bring its bid price back up to $1.00 or higher for a minimum of 10 consecutive business days.
During this compliance period, Scienjoy will continue to trade on the Nasdaq Capital Market. The company’s management is focused on executing its business strategy and creating value for its shareholders, with the objective of improving the company’s stock performance.
Shareholders are encouraged to follow the company’s official announcements for further updates on this matter. Scienjoy Holding Corporation remains dedicated to transparent communication and will provide information regarding its progress towards regaining compliance with Nasdaq’s listing rules.
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www.prnewswire.com published ‘Scienjoy Holding Corporation Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency’ at 2025-07-15 20:30. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the artic le only.