ATA Creativity Global Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Core Points - ATA Creativity Global (ACG) has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of US$1.00 for continued listing, as its American depositary shares (ADSs) have been below this threshold for 30 consecutive business days [1][2] - The company has until November 25, 2024, to regain compliance with the minimum bid price requirement, and if the bid price closes at or above US$1.00 for at least 10 consecutive business days before this date, compliance will be restored [2][3] - If compliance is not achieved by the deadline, ACG may qualify for additional time to regain compliance if it meets other listing requirements, excluding the minimum bid price [3] Company Overview - ACG is an international educational services company that focuses on providing quality learning experiences aimed at enhancing students' creativity [4] - The company offers a variety of educational services, including portfolio training, research-based learning services, and overseas study counseling through its training center network [4]