Jianpu Technology Announces NYSE Non-Compliance Letter
Portfolio Pulse from Benzinga Newsdesk
Jianpu Technology (JT) received a non-compliance letter from the NYSE on January 24, 2024, due to the low trading price of its ADSs. The company has until July 24, 2024, to regain compliance. The NYSE also confirmed that JT had previously regained compliance with trading price requirements as of November 30, 2023.
January 30, 2024 | 9:42 pm
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NEGATIVE IMPACT
Jianpu Technology received a non-compliance notice from the NYSE due to the low trading price of its ADSs, with a deadline of July 24, 2024, to regain compliance.
Receiving a non-compliance letter from the NYSE is a negative signal to investors and can lead to bearish sentiment in the short term. The company's ability to regain compliance by July 24, 2024, is crucial to maintain its listing and investor confidence. The previous instance of regaining compliance may provide some reassurance, but the repeated issue could be concerning.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100