Real estate technology company FangDD (DUO) has recently received a notice of non-compliance from Nasdaq due to its failure to meet the minimum bid requirement of $1 per share. The company has been given a 180-day grace period to rectify this issue and regain compliance with Nasdaq regulations.
FangDD, which provides online real estate transaction services in China, will need to ensure that its stock price remains at or above $1 for a minimum of ten consecutive business days before the deadline in order to avoid potential delisting from the exchange.
While the news may be concerning for investors, FangDD has expressed its commitment to taking the necessary steps to meet the minimum bid requirement within the given timeframe. The company will be closely monitored by Nasdaq during this period to ensure compliance with the exchange’s regulations.
Investors and stakeholders will be watching closely as FangDD works to address this issue and maintain its listing on Nasdaq.