Jianzhi Education Receives Nasdaq Minimum Bid Price Notice

Ticker: JZ · Form: 6-K · Filed: Jan 17, 2025 · CIK: 1852440

Sentiment: bearish

Topics: compliance, delisting-risk, nasdaq

Related Tickers: JED

TL;DR

JED got a warning from Nasdaq about its stock price, needs to hit $1.00 by July 16 or face delisting.

AI Summary

Jianzhi Education Technology Group Co Ltd (NASDAQ: JED) announced on January 17, 2025, that it received a minimum bid price non-compliance notice from Nasdaq. The company has 180 calendar days, until July 16, 2025, to regain compliance by maintaining a minimum closing bid price of $1.00 per share.

Why It Matters

This notice indicates potential delisting from Nasdaq if the company cannot meet the minimum bid price requirement, which could negatively impact its stock liquidity and investor confidence.

Risk Assessment

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

Key Numbers

Key Players & Entities

FAQ

What is the specific reason Jianzhi Education Technology Group Co Ltd received a notice from Nasdaq?

The company received a minimum bid price non-compliance notice from Nasdaq, indicating its stock has not met the exchange's requirement for a minimum closing bid price.

What is the deadline for Jianzhi Education Technology Group Co Ltd to regain compliance with Nasdaq's minimum bid price rule?

The company has until July 16, 2025, which is 180 calendar days from the date of the notice, to regain compliance.

What is the minimum closing bid price Jianzhi Education Technology Group Co Ltd must maintain to comply with Nasdaq rules?

The company must maintain a minimum closing bid price of $1.00 per share.

What is the ticker symbol for Jianzhi Education Technology Group Co Ltd on Nasdaq?

The ticker symbol for Jianzhi Education Technology Group Co Ltd is JED.

What are the potential consequences if Jianzhi Education Technology Group Co Ltd fails to regain compliance?

If the company fails to regain compliance, it risks being delisted from the Nasdaq Capital Market.

Filing Stats: 650 words · 3 min read · ~2 pages · Grade level 16 · Accepted 2025-01-17 16:30:02

Key Financial Figures

Filing Documents

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 January 2025 Commission File Number: 001-41445 Jianzhi Education Technology Group Company Limited 15/F, Tower A, Yingdu Building, Zhichun Road Haidian District, Beijing 100086 People’s Republic of China +86 10 58732560 (Address of principal executive offices) 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 Jianzhi Education Technology Group Company Limited Announces Receipt of Minimum Bid Price Notice from Nasdaq Jianzhi Education Technology Group Company Limited (NASDAQ: JZ) (“Jianzhi” or the “Company”) announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated January 15, 2025, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in the Nasdaq Listing Rules. The Nasdaq notification letter has no current effect on the listing or trading of the Company’s ADSs on The Nasdaq Capital Market. Pursuant to the Nasdaq Listing Rules, the Company is provided with a compliance period of 180 calendar days, or until July 14, 2025, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by July 14, 2025, the Company may be eligible for an additional 180 day calendar period to regain compliance or be subject to delisting. To qualify for the additional time, the Company will be required to meet the continued listing requirements for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement. In addition, the Company will be required to notify Nasdaq of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance. However, there can be no assurance that the Company will be able to regain compliance. On January 18, 2025 (China time), the Company issued a press release regarding the deficiency. A copy of the press release is attached hereto as Exhibit 99.1. Neither this report nor the exhibits constitute an offer to sell, or the solicitation of an offer to buy our securities, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The information in this Form 6-K, including the exhibits shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. 1 Exhibit Index Exhibit No. Description Exhibit 99.1 Press Release 2 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. Jianzhi Education Technology Group Company Limited By: /s/ Yong Hu Name: Yong Hu Title: Director and Chief Executive Officer Date: January 17, 2025 3

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