Tuniu Regains Nasdaq Compliance After Meeting Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Tuniu Corporation has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.
October 17, 2024 | 8:02 am
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Tuniu Corporation has successfully met Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange. This development closes the compliance issue that arose when the company's ADSs fell below $1.00.
Tuniu's compliance with the Nasdaq minimum bid price requirement is crucial for maintaining its listing status, which is positive for investor confidence and stock stability. The resolution of this issue removes a significant risk factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100