FangDD Receives Nasdaq Minimum Bid Price Deficiency Notice

TL;DR

Nasdaq says DUO's stock price is too low, needs to hit $1 for 10 days by June 24 or face delisting.

AI Summary

Fangdd Network Group Ltd. (Nasdaq: DUO) received a notification from Nasdaq on December 27, 2024, stating that the company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company has 180 calendar days, until June 24, 2025, to regain compliance by maintaining a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.

Why It Matters

This notification indicates potential delisting risk for FangDD from Nasdaq, which could negatively impact its stock liquidity and investor confidence.

Risk Assessment

Risk Level: medium — The company faces a risk of delisting if it cannot meet the minimum bid price requirement within the specified timeframe.

Key Numbers

• $1.00 — Minimum Bid Price (The minimum closing bid price required by Nasdaq for continued listing.)
• 10 — Consecutive Business Days (The number of consecutive business days the stock must maintain the minimum bid price.)
• 180 — Calendar Days (The period FangDD has to regain compliance.)

Key Players & Entities

• Fangdd Network Group Ltd. (company) — The filer of the report.
• Nasdaq (company) — The stock exchange that issued the notification.
• DUO (company) — The ticker symbol for Fangdd Network Group Ltd.
• December 27, 2024 (date) — Date the Nasdaq notification was received.
• June 24, 2025 (date) — Deadline for FangDD to regain compliance with Nasdaq's minimum bid price rule.
• $1.00 (dollar_amount) — The minimum closing bid price required by Nasdaq.

FAQ

Filing Documents

• ea0226015-6k_fangdd.htm (6-K) — 10KB
• ea022601501ex99-1_fangdd.htm (EX-99.1) — 7KB
• 0001213900-24-112848.txt ( ) — 18KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission file number: 001-39109 Fangdd Network Group Ltd. Room 1501, Shangmei Technology Building 15 Dachong Road Nanshan District, Shenzhen, 518072 People’s Republic of China Phone: +86 755 2699 8968 (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F EXHIBIT INDEX Exhibit No. Description 99.1 Press Release – FangDD Received Nasdaq Notification Regarding Minimum Bid Price Requirement INCORPORATION BY REFERENCE This report on Form 6-K is hereby incorporated by reference in the registration statement of Fangdd Network Group Ltd. on Form F-3 (No. 333-267397) to the extent not superseded by documents or reports subsequently filed. 1 Signature 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. Fangdd Network Group Ltd. By: /s/ Xi Zeng Name: Xi Zeng Title: Chief Executive Officer and Chairman of the Board of Directors Date: December 27, 2024 2

View Full Filing

View this 6-K filing on SEC EDGAR