Jinxin Technology regains Nasdaq compliance after ADSs trade above US$ 1 bid price minimum
NAMI•Nasdaq bid-price deficiency resolved
Jinxin Technology regained Nasdaq compliance with the US$ 1 minimum bid price rule, closing a potential delisting-related regulatory deficiency.
Nasdaq confirmed the ADS bid price held at or above US$ 1 for 10 straight sessions from June 26 to July 10.
The deficiency was triggered by ADS closes below US$ 1 for 30 consecutive business days through Jan. 29; the cure deadline was July 28.
