Fangdd Network Group Ltd. announced on December 27, 2024, that it received a written notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's Class A ordinary shares had closed below US$1.00 per share for 30 consecutive business days, from November 11 through December 23, 2024.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), FangDD has been granted a compliance period of 180 calendar days, until June 23, 2025, to regain compliance. To do so, the closing bid price of its Class A ordinary shares must be at least US$1.00 for a minimum of ten consecutive business days.
This notification highlights ongoing challenges with the company's stock price performance and introduces the risk of delisting if compliance is not regained. The company stated its intention to monitor its share price and consider options to cure the deficiency.
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