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Baijiayun Group Ltd, a company specializing in prepackaged software services, has been notified by The Nasdaq Stock Market LLC that its securities will be suspended from trading starting today, May 14, 2025. This decision comes after the Nasdaq Hearings Panel chose to deny Baijiayun’s request to continue listing on the exchange.
The company, which was previously known as Fuwei Films (Holdings) Co. Ltd., received an initial notification from Nasdaq on March 14, 2025, indicating non-compliance with the Minimum Bid Price Requirement, a rule necessary for continued listing on the exchange. Baijiayun appealed this determination and attended a hearing on April 24, 2025, but the Panel ultimately decided not to maintain the listing of the company’s securities.
Baijiayun Group has the option to request a further review of this decision by the Nasdaq Listing and Hearing Review Council. If the company wishes to pursue this, a written request must be filed within 15 days from the date of the Panel’s decision.
The delisting of Baijiayun Group’s securities marks a significant change for the company, which is incorporated in E9 and has its principal executive offices in Nanjing, People’s Republic of China. The information regarding this delisting process is based on a press release statement filed with the SEC.
Fangfei Liu, Chief Financial Officer of Baijiayun Group Ltd, signed the SEC filing, confirming the company’s compliance with the requirements of the Securities Exchange Act of 1934. As of the date of the filing, Baijiayun Group has not provided any further public statement regarding its plans following the suspension of trading on Nasdaq.
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