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XIAMEN, China - Pop Culture Group Co., Ltd (Nasdaq: CPOP), a company promoting hip-hop culture, has been notified by Nasdaq of non-compliance with the exchange’s minimum bid price rule. The Nasdaq Listing Qualifications Department issued the notification on March 17, 2025, after the company’s share price remained below $1.00 for 31 consecutive business days starting January 30, 2025. The stock currently trades at $0.66, down nearly 80% over the past year, according to InvestingPro data.
The Nasdaq’s minimum bid price requirement dictates that listed companies must maintain a share price of at least $1.00. Pop Culture Group now has until September 15, 2025, to address the deficiency and achieve a minimum closing bid price of $1.00 for at least ten consecutive business days. Failure to meet this requirement within the 180-day grace period could result in delisting from the Nasdaq Capital Market. The company’s financial health score is rated as "Weak" by InvestingPro, which has identified 14 additional risk factors and opportunities for investors.
Despite the warning, the current status of Pop Culture Group’s listing remains unchanged, and the company’s business operations continue unaffected. Pop Culture Group is considering measures to regain compliance, including the possibility of a reverse share split of its Class A ordinary shares. While revenue grew 155% in the last twelve months to $47.38 million, the company maintains a thin gross profit margin of 6.08% and faces significant cash burn challenges.
The company, based in Xiamen, China, focuses on promoting hip-hop culture and fostering cultural exchanges between the United States and China. It targets the younger generation by hosting entertainment events, operating online hip-hop programs, and providing event planning and brand promotion services.
This news is based on a press release statement and does not reflect any changes in the company’s financial condition or operations. Pop Culture Group has not provided any new financial information or business updates in the notification of non-compliance.
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