Jianpu Technology Faces NYSE Delisting
Ticker: AIJTY · Form: 6-K · Filed: Feb 20, 2024 · CIK: 1713923
Sentiment: bearish
Topics: delisting, regulatory-action, compliance
TL;DR
**Jianpu Technology just got hit with a NYSE delisting notice, expect major volatility and potential value loss.**
AI Summary
Jianpu Technology Inc. (NYSE: JT) received a delisting notice from the New York Stock Exchange (NYSE) on February 20, 2024. NYSE Regulation staff initiated proceedings to delist the company's American depositary shares (ADSs), each representing twenty Class A ordinary shares. The company's business address is 5F Times Cyber Building, 19 South Haidian Road, Haidian District, Beijing, People's Republic of China.
Why It Matters
Delisting from the NYSE can severely impact a company's liquidity, investor confidence, and ability to raise capital, potentially leading to a significant drop in share price.
Risk Assessment
Risk Level: high — A delisting notice from a major exchange like the NYSE indicates significant operational or compliance issues, posing a high risk to investors.
Key Numbers
- 20 — Class A ordinary shares per ADS (conversion ratio for American depositary shares)
Key Players & Entities
- Jianpu Technology Inc. (company) — registrant and recipient of delisting notice
- New York Stock Exchange (company) — exchange initiating delisting proceedings
- NYSE Regulation (company) — staff determining delisting
- February 20, 2024 (date) — date of delisting notice
- 001-38278 (other) — Commission File Number
FAQ
What is the primary event reported in this 6-K filing?
The primary event reported is that Jianpu Technology Inc. received a delisting notice from the New York Stock Exchange on February 20, 2024.
Which entity issued the delisting notice to Jianpu Technology Inc.?
The delisting notice was issued by the staff of NYSE Regulation, an arm of the New York Stock Exchange.
What do the American depositary shares (ADSs) of Jianpu Technology Inc. represent?
Each American depositary share (ADS) of Jianpu Technology Inc. represents twenty (20) Class A ordinary shares of the Company.
What is the Commission File Number for Jianpu Technology Inc.?
The Commission File Number for Jianpu Technology Inc. is 001-38278.
What is the business address of Jianpu Technology Inc. as stated in the filing?
The business address of Jianpu Technology Inc. is 5F Times Cyber Building, 19 South Haidian Road, Haidian District, Beijing, People’s Republic of China.
Filing Stats: 407 words · 2 min read · ~1 pages · Grade level 14.2 · Accepted 2024-02-20 16:57:22
Key Financial Figures
- $15,000,000 — ive 30-trading-day period of at least US$15,000,000. The Company has a right to a review o
Filing Documents
- tm246763d1_6k.htm (6-K) — 11KB
- 0001104659-24-025588.txt ( ) — 12KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Jianpu Technology Inc. By : /s/ Yilü (Oscar) Chen Name : Yilü (Oscar) Chen Title : Chief Financial Officer Date: February 20, 2024