Aurora Mobile Regains Compliance with Nasdaq Minimum Bid Price Requirement
28 Dezember 2023 - 10:00AM
Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the
“Company”), a leading provider of customer engagement and marketing
technology services in China, today announced that it had received
a notification letter (the “Compliance Notification”) from the
Listing Qualifications Department of the Nasdaq Stock Market LLC
(“Nasdaq”), dated December 27, 2023, notifying the Company that it
has regained compliance with the minimum bid price of US$1.00 per
share requirement set forth under Nasdaq Listing Rule 5550(a)(2).
As announced on December 30, 2022, Aurora Mobile
received a written notification from Nasdaq indicating that for the
last 32 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
Nasdaq Listing Rule 5450(a)(1). As announced on June 28, 2023,
Nasdaq approved the Company’s request to transfer the listing of
its ADSs from the Nasdaq Global Market to the Nasdaq Capital
Market. As a result, the Company was granted an additional period
to meet the minimum bid price requirement. To regain compliance,
the closing bid price of the Company’s ADSs needs to be US$1.00 per
share or higher for a minimum of ten consecutive business days.
As part of its efforts to regain compliance, the
Company changed the ratio of its ADSs representing Class A common
shares from three (3) ADSs representing two (2) Class A common
shares to three (3) ADSs representing forty (40) Class A common
shares. The change became effective on December 11, 2023.
On December 27, 2023, Nasdaq confirmed in the
Compliance Notification that the closing bid price of the Company’s
ADSs has been at US$1.00 per share or higher for the 11 consecutive
business days from December 11, 2023 through December 26, 2023.
Accordingly, the Company has regained the minimum bid price
requirement, and the matter is now closed.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading
provider of customer engagement and marketing technology services
in China. Since its inception, Aurora Mobile has focused on
providing stable and efficient messaging services to enterprises
and has grown to be a leading mobile messaging service provider
with its first-mover advantage. With the increasing demand for
customer reach and marketing growth, Aurora Mobile has developed
forward-looking solutions such as Cloud Messaging and Cloud
Marketing to help enterprises achieve omnichannel customer reach
and interaction, as well as artificial intelligence and big
data-driven marketing technology solutions to help enterprises'
digital transformation.
For more information, please visit
https://ir.jiguang.cn/.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates,” “confident” and
similar statements. Among other things, the Business Outlook and
quotations from management in this announcement, as well as Aurora
Mobile’s strategic and operational plans, contain forward-looking
statements. Aurora Mobile may also make written or oral
forward-looking statements in its reports to the U.S. Securities
and Exchange Commission, in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including but not limited
to statements about Aurora Mobile’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Aurora Mobile’s strategies; Aurora Mobile’s future
business development, financial condition and results of
operations; Aurora Mobile’s ability to attract and retain
customers; its ability to develop and effectively market data
solutions, and penetrate the existing market for developer
services; its ability to transition to the new advertising-driven
SAAS business model; its ability to maintain or enhance its brand;
the competition with current or future competitors; its ability to
continue to gain access to mobile data in the future; the laws and
regulations relating to data privacy and protection; general
economic and business conditions globally and in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Company’s filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and Aurora Mobile
undertakes no duty to update such information, except as required
under applicable law.
For more information, please
contact:
Aurora Mobile Limited
ir@jiguang.cn
Christensen
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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