Tuniu Corp Regains Nasdaq Minimum Bid Price Compliance
Ticker: TOUR · Form: 6-K · Filed: Oct 17, 2024 · CIK: 1597095
Sentiment: bullish
Topics: compliance, listing-requirement, press-release
Related Tickers: TUNI
TL;DR
TUNI dodged delisting, back above $1 on Nasdaq!
AI Summary
Tuniu Corporation (TUNI) announced on October 17, 2024, that it has regained compliance with the Nasdaq Stock Market's minimum bid price requirement. The company's stock price has been at or above $1.00 per share for the required period, avoiding potential delisting.
Why It Matters
Regaining compliance with Nasdaq's minimum bid price requirement is crucial for Tuniu as it prevents the company from being delisted, maintaining its access to public capital markets.
Risk Assessment
Risk Level: low — The filing is a routine notification of compliance with a listing requirement, indicating a positive step for the company's stock.
Key Numbers
- $1.00 — Minimum Bid Price (The threshold Tuniu needed to meet or exceed to regain compliance with Nasdaq listing rules.)
Key Players & Entities
- Tuniu Corporation (company) — Filer of the report
- Nasdaq (company) — Stock exchange where Tuniu is listed
- October 17, 2024 (date) — Date of the announcement
- $1.00 (dollar_amount) — Minimum bid price requirement
FAQ
What specific date did Tuniu Corporation announce its regained compliance?
Tuniu Corporation announced its regained compliance on October 17, 2024.
Which stock exchange's minimum bid price requirement did Tuniu regain compliance with?
Tuniu regained compliance with the Nasdaq Stock Market's minimum bid price requirement.
What is the minimum bid price Tuniu needed to maintain?
Tuniu needed to maintain a bid price of at least $1.00 per share.
What is the filing type and accession number for this report?
This is a Form 6-K filing with accession number 0001104659-24-109371.
What exhibit is included with this 6-K filing?
Exhibit 99.1 is included, which is a Press Release titled 'Tuniu Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement'.
Filing Stats: 154 words · 1 min read · ~1 pages · Grade level 13 · Accepted 2024-10-17 07:09:50
Filing Documents
- tm2426369d1_6k.htm (6-K) — 9KB
- tm2426369d1_ex99-1.htm (EX-99.1) — 8KB
- 0001104659-24-109371.txt ( ) — 19KB
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. Tuniu Corporation By: /s/ Anqiang Chen Name: Anqiang Chen Title: Financial Controller Date: October 17, 2024