DUO.US (DUO.US) has received a notice of non-compliance from Nasdaq, saying it did not meet the minimum purchase price requirement.
Zhitong Finance App learned that Fangduoduo (DUO.US) has received a notice of non-compliance from NASDAQ, saying that it did not meet the minimum purchase price requirement because its share price was less than $1 per share for 30 consecutive trading days from November 11, 2024 to December 23, 2024.
Fangduoduo was granted a compliance period of 180 calendar days until June 23, 2025 to re-meet compliance requirements.
The company said it intends to monitor the closing price of its Class A common stock and is considering options to remedy this shortcoming.