Tuniu Corporation announced on October 17, 2024, that it has regained compliance with Nasdaq Listing Rule 5450(a)(1), the Minimum Bid Price Requirement. The company received a notification letter from Nasdaq dated October 16, 2024, confirming this compliance. This development resolves a previous deficiency notice issued on August 6, 2024.
The prior deficiency notice indicated that Tuniu's American depositary shares (ADSs) had traded below the minimum bid price of $1.00 for 31 consecutive business days. To regain compliance, Nasdaq required the closing bid price of the ADSs to be at least $1.00 for a minimum of ten consecutive business days.
Tuniu successfully met this requirement, with its ADSs closing at or above $1.00 for over ten consecutive business days. This action closes the matter with Nasdaq, ensuring the company's continued listing on the Nasdaq Global Market.
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