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Jiade Ltd (NASDAQ:JADC) announced Friday that it has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Stock Market. The company received written notification from Nasdaq confirming that its Class A ordinary shares traded above $1.00 per share for 10 consecutive business days, from June 24 to July 10.
The notification letter stated that Jiade now meets the requirements set forth in Nasdaq Listing Rule 5550(a)(2). The company had previously been at risk of not meeting the minimum bid price standard, which requires listed shares to maintain a closing bid price of at least $1.00 per share.
The announcement was made in a press release statement and disclosed in a filing with the Securities and Exchange Commission.
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