Cheche Group Announces Receipt of Notification Letter from Nasdaq
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Cheche Group Inc. (NASDAQ: CCG) has received a notification from Nasdaq for non-compliance with the minimum bid price requirement, as its stock has been below $1.00 for 30 consecutive business days. This does not result in immediate delisting.
November 21, 2024 | 9:45 pm
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Cheche Group Inc. has been notified by Nasdaq for not meeting the minimum bid price requirement, as its stock has been under $1.00 for 30 days. This situation does not lead to immediate delisting.
The notification from Nasdaq indicates a regulatory issue that could affect investor confidence and potentially lead to delisting if not resolved. This is likely to exert downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100