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ATA Creativity Global (Nasdaq:AACG), a company specialized in educational services, has officially transferred the listing of its American depositary shares (ADSs) from the Nasdaq Global Market to the Nasdaq Capital Market as of today. This move comes after the company received an approval letter from the Nasdaq on May 15, 2025, confirming the transition. The company’s ADSs will retain the ticker symbol "AACG" and the trading of its ADSs will not be affected by this change.
Previously, on November 27, 2024, ATA Creativity Global was notified by Nasdaq that it did not meet the $10 million stockholders’ equity requirement for continued listing on the Nasdaq Global Market. This transfer to the Nasdaq Capital Market effectively resolves the issue of non-compliance with that requirement.
Additionally, on May 9, 2025, the company was informed by Nasdaq that it did not meet the minimum bid price requirement as the closing bid price for its ADSs was below $1.00 for 30 consecutive business days. The company has until November 5, 2025, to regain compliance with the minimum bid price requirement. If the bid price of the company’s ADSs closes at or above $1.00 for at least 10 consecutive business days before this deadline, Nasdaq will provide written confirmation that ATA Creativity Global has regained compliance.
The company’s ADSs began trading on the Nasdaq Capital Market effective at the opening of business today. This report on Form 6-K will be incorporated by reference into the company’s Registration Statement on Form F-3, which was filed with the Securities and Exchange Commission on April 25, 2024.
The information in this article is based on a press release statement.
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