© Reuters.
NEW YORK – Zhihu Inc, a Chinese provider of online content communities, has been notified by the New York Stock Exchange (NYSE) that it is not in compliance with the exchange’s listing standards. The notice, received on December 28, 2023, was issued because the price of Zhihu’s American depositary shares (ADS) fell below the minimum threshold of $1.00 for 30 consecutive days.
Despite the notice of non-compliance, Zhihu’s ADSs continue to be listed and traded on the New York Stock Exchange. The company was given a six-month period to rectify the situation and bring its stock price above the $1.00 minimum threshold in order to once again comply with the requirements of the New York Stock Exchange. During this period, Zhihu will have the opportunity to resolve the issue and avoid possible delisting.
It is important to note that the NYSE notification does not impact Zhihu’s business operations or the company’s reporting obligations to the Securities and Exchange Commission (SEC).
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2023-12-29 21:26:00
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