Core Points - Baijiayun Group Ltd has received a notification from Nasdaq indicating non-compliance with the Minimum Bid Price Requirement due to its Class A ordinary shares closing below $1.00 for 30 consecutive business days [1] - The company is not eligible for the standard 180-day compliance period due to a reverse stock split within the past year, leading to a potential delisting unless an appeal is made [1] - Baijiayun has requested a hearing to appeal the Nasdaq's determination, with the hearing scheduled for April 24, 2025, during which trading of its shares will continue [2] Company Overview - Baijiayun is a one-stop AI video solution provider specializing in SaaS/PaaS solutions, committed to delivering high-quality video experiences [4] - The company has experienced rapid growth since its inception in 2017, leveraging industry-leading video-centric technologies to offer a range of solutions [4] - Baijiayun serves the communication and collaboration needs of enterprises across various sizes and industries [4]
Baijiayun Group Ltd Announces Receipt of Nasdaq Delisting Notification Regarding Minimum Bid Price Deficiency