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BEIJING - Interactive entertainment company Scienjoy Holding Corporation (NASDAQ:SJ), a $36 million market cap firm with a strong financial health rating according to InvestingPro, announced Tuesday it has received a notification letter from Nasdaq regarding non-compliance with the minimum bid price requirement.
The notification, dated July 10, 2025, was issued because Scienjoy’s Class A ordinary shares closed below $1.00 per share for 30 consecutive business days from May 27 to July 9, 2025. The stock, currently trading at $0.86, has experienced a sharp 10% decline over the past week, though InvestingPro analysis suggests the stock is currently undervalued.
According to the company, the notification has no immediate effect on the listing of Scienjoy’s shares, which will continue trading on Nasdaq under the ticker "SJ" without interruption. Despite the price challenges, the company maintains solid fundamentals with a healthy P/E ratio of 10.6 and trades at just 0.22 times book value, while maintaining strong liquidity with a current ratio of 3.27.
Under Nasdaq Listing Rule 5810(c)(3)(A), Scienjoy has a compliance period of 180 calendar days, until January 6, 2026, to regain compliance. The company can achieve this if its closing bid price reaches at least $1.00 for a minimum of 10 consecutive business days during this period.
If Scienjoy fails to meet the requirement by the deadline, it may be eligible for an additional 180-day grace period, provided it meets other continued listing requirements for the Nasdaq Capital Market and provides written notice of its intention to cure the deficiency.
Scienjoy describes itself as an interactive entertainment leader in the Chinese market. The announcement was made in a press release issued by the company in accordance with Nasdaq’s requirement for prompt disclosure of such notifications.
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