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BEIJING - Chinese digital educational content provider Jianzhi Education Technology Group Company Limited (NASDAQ:JZ), currently trading at $1.61 with a market capitalization of $3.25 million, has regained compliance with Nasdaq’s minimum bid price requirement, the company announced Tuesday. According to InvestingPro analysis, the stock appears undervalued at current levels.
Jianzhi received written notification from Nasdaq’s Listing Qualifications Department on July 14 confirming that the matter is now closed. The company had been notified of non-compliance on January 15 when its American depositary shares (ADSs) traded below the required $1.00 minimum bid price for 30 consecutive business days. The stock has experienced significant volatility, with InvestingPro data showing an 83% decline over the past year and a beta of 2.08, indicating higher volatility than the broader market.
To address the deficiency, Jianzhi implemented an ADS ratio change on June 16, adjusting from one ADS representing six ordinary shares to one ADS representing sixty ordinary shares. Following this action, the company’s ADSs maintained a closing bid price above $1.00 for eighteen consecutive business days from June 16 through July 11, exceeding the ten-day minimum requirement for compliance.
Nasdaq had given Jianzhi until July 14 to resolve the issue or face potential delisting proceedings.
Headquartered in Beijing, Jianzhi provides digital educational content primarily to higher education institutions in China, as well as to individual customers through its online learning platforms.
The information in this article is based on a company press release statement.
In other recent news, Jianzhi Education Technology Group Company Limited announced plans for a one-for-ten reverse split of its American Depositary Shares (ADSs), effective June 16, 2025. This change will adjust the ratio of one ADS representing six ordinary shares to one ADS representing sixty ordinary shares, reducing the outstanding ADSs from approximately 7,716,666 to 771,666. The Bank of New York Mellon will manage the exchange process, and no fractional new ADSs will be issued. The company expects the ADS trading price to increase proportionally, though it has not guaranteed this outcome. Additionally, Jianzhi Education reaffirmed its strategic role in China’s digital education sector, highlighting its commitment to delivering educational solutions supported by AI and big data analytics. CEO Yong Hu emphasized the company’s focus on addressing skill gaps through its digital learning infrastructure. Jianzhi continues to broaden its influence by improving AI-generated content and forming strategic partnerships. The company has filed forward-looking statements with the SEC, outlining potential risks and uncertainties.
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