So-Young Receives Approval to Transfer to Nasdaq Capital Market and Extension of Minimum Bid Price Compliance Period
So-Young International (NASDAQ: SY) announced its transfer from Nasdaq Global Market to Nasdaq Capital Market, effective February 27, 2025. This transition follows the company's non-compliance with Nasdaq's minimum bid price requirement, as its ADS price remained below $1.00 for 30 consecutive business days since August 29, 2024.
The transfer will not impact ADS trading, which continues under the symbol 'SY'. With this move, Nasdaq has granted So-Young an additional 180-day period until August 25, 2025, to regain compliance by maintaining a closing bid price above $1.00 for at least 10 consecutive business days. The company, China's largest medical aesthetics social community, is actively monitoring its ADS price and exploring options to address this deficiency.
So-Young International (NASDAQ: SY) ha annunciato il suo trasferimento dal Nasdaq Global Market al Nasdaq Capital Market, a partire dal 27 febbraio 2025. Questa transizione segue la non conformit脿 dell'azienda con il requisito del prezzo minimo di offerta del Nasdaq, poich茅 il prezzo delle sue ADS 猫 rimasto al di sotto di $1,00 per 30 giorni lavorativi consecutivi a partire dal 29 agosto 2024.
Il trasferimento non influenzer脿 il trading delle ADS, che continuer脿 sotto il simbolo 'SY'. Con questa mossa, il Nasdaq ha concesso a So-Young un ulteriore periodo di 180 giorni fino al 25 agosto 2025, per recuperare la conformit脿 mantenendo un prezzo di chiusura superiore a $1,00 per almeno 10 giorni lavorativi consecutivi. L'azienda, la pi霉 grande comunit脿 sociale di estetica medica in Cina, sta monitorando attivamente il prezzo delle sue ADS ed esplorando opzioni per affrontare questa carenza.
So-Young International (NASDAQ: SY) anunci贸 su traslado del Nasdaq Global Market al Nasdaq Capital Market, efectivo a partir del 27 de febrero de 2025. Esta transici贸n sigue a la no conformidad de la compa帽铆a con el requisito de precio m铆nimo de oferta de Nasdaq, ya que el precio de sus ADS se mantuvo por debajo de $1.00 durante 30 d铆as h谩biles consecutivos desde el 29 de agosto de 2024.
El traslado no afectar谩 el comercio de ADS, que continuar谩 bajo el s铆mbolo 'SY'. Con este movimiento, Nasdaq ha otorgado a So-Young un per铆odo adicional de 180 d铆as hasta el 25 de agosto de 2025, para recuperar la conformidad manteniendo un precio de oferta de cierre superior a $1.00 durante al menos 10 d铆as h谩biles consecutivos. La compa帽铆a, la mayor comunidad social de est茅tica m茅dica en China, est谩 monitoreando activamente el precio de sus ADS y explorando opciones para abordar esta deficiencia.
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So-Young International (NASDAQ: SY) a annonc茅 son transfert du Nasdaq Global Market au Nasdaq Capital Market, effectif 脿 partir du 27 f茅vrier 2025. Cette transition fait suite 脿 la non-conformit茅 de l'entreprise avec l'exigence de prix d'offre minimum du Nasdaq, son prix ADS 茅tant rest茅 en dessous de 1,00 $ pendant 30 jours ouvrables cons茅cutifs depuis le 29 ao没t 2024.
Le transfert n'aura pas d'impact sur le trading des ADS, qui se poursuivra sous le symbole 'SY'. Avec ce mouvement, le Nasdaq a accord茅 脿 So-Young une p茅riode suppl茅mentaire de 180 jours jusqu'au 25 ao没t 2025 pour retrouver la conformit茅 en maintenant un prix de cl么ture sup茅rieur 脿 1,00 $ pendant au moins 10 jours ouvrables cons茅cutifs. L'entreprise, la plus grande communaut茅 sociale d'esth茅tique m茅dicale en Chine, surveille activement le prix de ses ADS et explore des options pour rem茅dier 脿 ce probl猫me.
So-Young International (NASDAQ: SY) gab bekannt, dass sie am 27. Februar 2025 vom Nasdaq Global Market zum Nasdaq Capital Market wechselt. Dieser 脺bergang erfolgt, nachdem das Unternehmen die Mindestanforderung f眉r den Angebotspreis von Nasdaq nicht erf眉llt hat, da der Preis seiner ADS seit dem 29. August 2024 30 aufeinanderfolgende Gesch盲ftstage lang unter 1,00 $ lag.
Der Wechsel hat keine Auswirkungen auf den Handel mit ADS, der weiterhin unter dem Symbol 'SY' erfolgt. Mit diesem Schritt hat Nasdaq So-Young eine zus盲tzliche Frist von 180 Tagen bis zum 25. August 2025 gew盲hrt, um die Konformit盲t wiederherzustellen, indem der Schlusskurs 眉ber 1,00 $ f眉r mindestens 10 aufeinanderfolgende Gesch盲ftstage gehalten wird. Das Unternehmen, die gr枚脽te soziale Gemeinschaft f眉r medizinische 脛sthetik in China, 眉berwacht aktiv den Preis seiner ADS und pr眉ft Optionen zur Behebung dieses Mangels.
- Granted additional 180 days to regain compliance
- Trading continues uninterrupted during transition
- Stock price consistently below $1.00 minimum requirement
- Risk of potential delisting if compliance not achieved by August 2025
- Downgrade from Nasdaq Global to Capital Market
As previously disclosed, on August 29, 2024, the Company received a notification letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below
In conjunction with the transfer approval to the Nasdaq Capital Market, Nasdaq also granted the Company an additional period of 180 calendar days, or until August 25, 2025, to regain compliance with the minimum bid price requirement for continued listing. To regain compliance, the closing bid price of the Company's ADSs must meet or exceed
The Company intends to continue actively monitoring the closing bid price of its ADSs and will consider other options to cure the deficiency and regain compliance.
About So-Young International Inc.
So-Young International Inc. (Nasdaq: SY) is the largest and most vibrant social community in
For more information, please contact:
So-Young
Investor Relations
Ms. Mona Qiao
Phone: +86-10-8790-2012
E-mail: [email protected]
Christensen
In
Ms. Dee Wang
Phone: +86-10-5900-1548
E-mail: [email protected]听
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]听
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SOURCE So-Young International Inc.
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