Scienjoy (SJ) Faces Nasdaq Non-Compliance Over Minimum Bid Price | SJ Stock News

7 days ago

Scienjoy, trading under the ticker SJ, recently disclosed that it has received a notification from Nasdaq regarding a failure to meet the exchange's minimum bid price requirement. According to Nasdaq Listing Rule 5550, the company’s stock has not maintained the necessary minimum closing bid price of $1.00 per share for 30 consecutive business days, specifically from May 27 to July 9. This development might impact Scienjoy's standing on the Nasdaq exchange and could necessitate corrective measures to regain compliance.

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