Tuanche Limited notified for non-compliance with Nasdaq requirements, exploring entry into cryptocurrency sector.

From GlobeNewswire: 2025-01-23 16:05:00

TuanChe Limited, a leading automotive marketplace platform in China, received notification letters from Nasdaq regarding non-compliance with annual meeting and stockholders’ equity requirements. The company has not held an annual meeting within 12 months of December 31, 2023, and has a stockholder’s deficit of ($787,000) as of June 30, 2024. TuanChe has 45 days to submit a plan to regain compliance and seek an exemption from the annual general meeting requirement. The company is also exploring ways to enter the cryptocurrency sector. For investor and media inquiries, contact TuanChe Limited Investor Relations.



Read more at GlobeNewswire: Tuanche Limited announces the receipt of Nasdaq