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Golden Sun Education Group Limited Class A ( (GSUN) ) has shared an update.
On February 24, 2025, Golden Sun Health Technology Group Limited received a notification from Nasdaq indicating a deficiency in meeting the minimum stockholders’ equity requirement of $2,500,000, with the company reporting only $411,371. The notice does not immediately affect the company’s listing on Nasdaq, and Golden Sun has until April 10, 2025, to submit a compliance plan. The company is actively working on a plan to regain compliance, although there is no guarantee of success. This situation highlights the company’s current financial challenges amidst its strategic transition and diversification efforts.
More about Golden Sun Education Group Limited Class A
Established in 1997 and headquartered in Shanghai, China, Golden Sun Health Technology Group Limited, formerly known as Golden Sun Education Group Limited, is primarily a provider of tutorial services in China. The company focuses on the development of students’ strengths and potential, promoting life-long skills and interests in learning. It operates tutorial centers for children and adults, partners with high schools for language classes, and offers logistic and consulting services. Since 2023, Golden Sun has been transitioning to establish wellness brands and an e-commerce platform, and in August 2024, it entered a joint venture in the cultural tourism sector.
YTD Price Performance: 5.71%
Average Trading Volume: 77,526
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.86M
See more insights into GSUN stock on TipRanks’ Stock Analysis page.