Summary by Moomoo AI
Zhihu Inc., a prominent online content community in China, has successfully regained compliance with the New York Stock Exchange's (NYSE) minimum average share price requirement, as per a notification received from the NYSE on June 3, 2024. The Compliance Notice confirmed that Zhihu's American Depositary Shares (ADS) are no longer below the NYSE's continued listing standard, which mandates a minimum average share price of US$1.00 over a 30 trading-day period. This development follows a previous notification from the NYSE on December 28, 2023, which had indicated that Zhihu was not meeting the trading price criterion. With the receipt of the Compliance Notice, Zhihu has addressed the concerns regarding its ADS trading price and remains in good standing with the NYSE listing requirements.