Cheche Group Inc. (CCG), a leading auto insurance technology platform in China, announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share.
The company initially received a notice on November 15, 2024, indicating its Class A ordinary shares had been trading below the required threshold for 30 consecutive business days. Nasdaq provided a 180-day period for compliance, stating that if the share price remained at or above $1.00 for at least 10 consecutive business days, the issue would be resolved.
According to a notification from Nasdaq on March 10, 2025, Cheche Group's share price met the requirement between February 24 and March 7, 2025. With this confirmation, the company has regained compliance, and the matter is now considered closed.
CCG is currently trading at $1.135 or 2.25% higher on the Nasdaq Capital Market.
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