Cheche Group Responds to Nasdaq Notification for Non-Compliance with Bid Price Requirement
Cheche Group Inc. (NASDAQ: CCG), a prominent auto insurance technology platform based in China, recently announced it received a notification letter from Nasdaq indicating that it has not met the minimum bid price requirement stipulated by the exchange. This notification was dated January 12, 2026, and is a significant event in the company’s journey in the stock market.
The specific rule breached by Cheche is Rule 5550(a)(2) of the Nasdaq Listing Rules, which mandates that the closing bid price per Class A ordinary share must not fall below USD 1.00 for 30 consecutive business days. As per the notification, Cheche's share price has unfortunately remained below this threshold for the required timeline. However, the Nasdaq notification does not lead to an immediate delisting of the company's shares, providing them some time to rectify the situation.
In response to this notification, Cheche has reassured its stakeholders that this development does not currently affect the trading or listing of its securities on Nasdaq. By Nasdaq’s rules, the company has been granted a compliance period of 180 calendar days—until July 13, 2026—to meet the minimum bid price requirement again. If at any point during this period, the Class A ordinary shares can achieve a closing bid price of USD 1.00 or higher for at least 10 consecutive business days, Nasdaq will provide a confirmation of compliance, effectively resolving the issue.
If Cheche does not manage to regain compliance by the aforementioned date, it can potentially receive an additional compliance period of another 180 days, contingent upon meeting specific listing requirements and informing Nasdaq of its intention to remedy the situation. The company is committed to monitoring its stock price closely over the compliance period and is exploring various strategies to ensure it meets Nasdaq's requirements.
Cheche Group’s management has emphasized that despite this notification, the company remains in compliance with all other Nasdaq listing standards, and this issue does not hinder its business operations or its reporting responsibilities to the SEC.
To offer further insight into the company, Cheche Group was founded in 2014 and has grown into one of China’s leading platforms for auto insurance technology. Headquartered in Beijing, it boasts an expansive network of approximately 108 branches authorized to distribute insurance across 25 provinces in the country. Cheche is recognized for its data-driven approach to insurance transactions and service offerings in the digital space, including providing SaaS solutions for insurance operations.
In light of recent challenges faced in the stock market, Cheche Group’s leadership remains optimistic about reclaiming its status and reinforcing its position as a key player in the auto insurance technology sector. The company aims to keep its stakeholders updated as they work through this process and explore new opportunities for growth and compliance. The proactive measures being considered demonstrate Cheche's commitment to navigating the regulatory landscape successfully and maintaining its competitive edge in the dynamic market of auto insurance technology.
The specific rule breached by Cheche is Rule 5550(a)(2) of the Nasdaq Listing Rules, which mandates that the closing bid price per Class A ordinary share must not fall below USD 1.00 for 30 consecutive business days. As per the notification, Cheche's share price has unfortunately remained below this threshold for the required timeline. However, the Nasdaq notification does not lead to an immediate delisting of the company's shares, providing them some time to rectify the situation.
In response to this notification, Cheche has reassured its stakeholders that this development does not currently affect the trading or listing of its securities on Nasdaq. By Nasdaq’s rules, the company has been granted a compliance period of 180 calendar days—until July 13, 2026—to meet the minimum bid price requirement again. If at any point during this period, the Class A ordinary shares can achieve a closing bid price of USD 1.00 or higher for at least 10 consecutive business days, Nasdaq will provide a confirmation of compliance, effectively resolving the issue.
If Cheche does not manage to regain compliance by the aforementioned date, it can potentially receive an additional compliance period of another 180 days, contingent upon meeting specific listing requirements and informing Nasdaq of its intention to remedy the situation. The company is committed to monitoring its stock price closely over the compliance period and is exploring various strategies to ensure it meets Nasdaq's requirements.
Cheche Group’s management has emphasized that despite this notification, the company remains in compliance with all other Nasdaq listing standards, and this issue does not hinder its business operations or its reporting responsibilities to the SEC.
To offer further insight into the company, Cheche Group was founded in 2014 and has grown into one of China’s leading platforms for auto insurance technology. Headquartered in Beijing, it boasts an expansive network of approximately 108 branches authorized to distribute insurance across 25 provinces in the country. Cheche is recognized for its data-driven approach to insurance transactions and service offerings in the digital space, including providing SaaS solutions for insurance operations.
In light of recent challenges faced in the stock market, Cheche Group’s leadership remains optimistic about reclaiming its status and reinforcing its position as a key player in the auto insurance technology sector. The company aims to keep its stakeholders updated as they work through this process and explore new opportunities for growth and compliance. The proactive measures being considered demonstrate Cheche's commitment to navigating the regulatory landscape successfully and maintaining its competitive edge in the dynamic market of auto insurance technology.
Topics Financial Services & Investing）
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