Tuniu Faces Nasdaq Delisting Threat if $1 Bid Price Isn't Met by February
Portfolio Pulse from Benzinga Newsdesk
Tuniu Corporation (NASDAQ:TOUR) has received a delisting warning from Nasdaq due to its stock price being below $1 for 31 consecutive business days. The company has until February 3, 2025, to regain compliance by maintaining a closing bid price of $1 or higher for ten consecutive business days.
August 09, 2024 | 9:03 am
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Tuniu Corporation has received a delisting warning from Nasdaq due to its stock price being below $1 for 31 consecutive business days. The company has until February 3, 2025, to regain compliance by maintaining a closing bid price of $1 or higher for ten consecutive business days.
The delisting threat from Nasdaq is a significant negative development for Tuniu Corporation. If the company fails to meet the $1 bid price requirement, it could face delisting, which would likely lead to a decrease in investor confidence and a further decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100