ThredUp Regains Compliance With The Minimum Bid Price Requirement
ThredUp Regains Compliance With The Minimum Bid Price Requirement
On December 4, 2024, ThredUp Inc. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Nasdaq Minimum Bid Price Requirement") for continued inclusion on The Nasdaq Global Select Market. As previously disclosed in the Company's Current Report on Form 8-K filed on September 27, 2024 (the "September 27 8-K"), the Company received a written notice from Nasdaq on September 24, 2024, notifying the Company that it was not in compliance with the Nasdaq Minimum Bid Price Requirement because its Class A common stock (the "Common Stock") had failed to meet the $1.00 per share minimum bid price requirement for continued inclusion on The Nasdaq Global Select Market. To regain compliance with the Nasdaq Minimum Bid Price Requirement, the Common Stock was required to maintain a closing bid price of $1.00 per share or more for at least 10 consecutive business days. This requirement was met on December 2, 2024.
2024年12月4日，ThredUp Inc.（“公司”）收到纳斯达克证券交易所有限责任公司（“纳斯达克”）上市资格部门的通知函，告知公司已重新符合纳斯达克上市规则5550(a)(2)中规定的最低买盘价格要求（“纳斯达克最低买盘价格要求”），以继续在纳斯达克全球精选市场上上市。如公司在2024年9月27日提交的8-K表格当前报告中所披露，2024年9月24日，公司收到纳斯达克的书面通知，告知公司未符合纳斯达克最低买盘价格要求，因为其A类普通股（“普通股”）未能达到每股$1.00的最低买盘价格要求，以继续在纳斯达克全球精选市场上上市。为重新符合纳斯达克最低买盘价格要求，普通股需连续10个交易日保持每股$1.00或以上的收盘买盘价格。该要求于2024年12月2日满足。
