Token Cat Limited Announces Receipt of Minimum Bid Price Notice From Nasdaq
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Token Cat Limited (NASDAQ: TC) received a notification from Nasdaq indicating its stock price has been below $1.00 for 30 consecutive business days. The company has until September 15, 2025, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days. The company is considering options like adjusting its ADS-to-share ratio to meet the requirement.
March 21, 2025 | 8:45 pm
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NEUTRAL IMPACT
Nasdaq demonstrates commitment to maintaining listing quality by issuing compliance notice to Token Cat.
Routine enforcement action that is unlikely to significantly impact Nasdaq's stock price, but demonstrates consistent regulatory oversight.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Company must raise stock price above $1.00 to maintain Nasdaq listing, potentially through ADS ratio adjustment or other strategic measures.
Nasdaq warning signals potential stock price volatility and risk of delisting, which could negatively impact investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100