Jianzhi Education announced it has received a letter from Nasdaq, notifying the company is not in compliance with the minimum market value requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5450(b)(1)(C) requires companies to maintain a minimum market value of publicly held shares of at least $5M, and Listing Rule 5810(c)(3)(D) provides that a failure to meet the market value requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the market value of the company for the 30 consecutive business days from June 12 to July 26, the company no longer meets the minimum market value requirement.
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