ATA Creativity Global regains compliance with Nasdaq's minimum bid price requirement, but has stockholders' equity deficiency

From GlobeNewswire: 2024-12-03 08:00:00

ATA Creativity Global has regained compliance with the minimum bid price requirement under Nasdaq Listing Rules, closing bid price of $1.00 per share or greater from November 1 to November 25, 2024. However, the company received a notification regarding a minimum stockholders’ equity deficiency. The stockholders’ equity was below $10,000,000 in the Company’s Quarterly Report for the period ended September 30, 2024. The Company has until January 13, 2025, to submit a plan to regain compliance with the minimum stockholders’ equity requirement. The Stockholders’ Equity Letter has no immediate effect on the Company’s listing on Nasdaq Global Market.



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