Core Points - TCTM Kids IT Education Inc. received a notification from Nasdaq indicating that its American depositary shares (ADSs) have been trading below the minimum bid price of US$1.00 for the last 30 consecutive business days [1] - The company has a grace period of 180 calendar days, until July 2, 2025, to regain compliance with the minimum bid price requirement [2] - The notification does not impact the company's business operations, and TCTM plans to take measures to regain compliance within the grace period [3] Company Overview - TCTM is a leading provider of IT-focused supplementary STEM education services in China, targeting students aged three to eighteen [4] - The company offers a range of programs, including computer coding and robotics programming courses, through a combination of live distance instruction, classroom-based tutoring, and online learning modules [4] - TCTM aims to enhance children's logical thinking and learning abilities while fostering their interests and potential in STEM education [4]
TCTM Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price