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Zhihu | 6-K: Zhihu Announces Receipt of NYSE Notification Regarding ADS Trading Price Requirement

知乎 | 6-K:知乎宣布收到纽约证券交易所关于ADS交易价格要求的通知

SEC announcement ·  2023/12/29 00:00
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Zhihu Inc., a prominent online content community in China, has received a notification from the New York Stock Exchange (NYSE) on December 28, 2023, indicating that the company is not in compliance with the NYSE's minimum average share price requirement. The issue arises from Zhihu's American depositary shares (ADSs) trading below the required average closing price of $1.00 over a consecutive 30 trading-day period. Despite this, the ADSs will continue to be listed and traded on the NYSE, provided Zhihu meets other listing standards. The company's business operations and reporting obligations remain unaffected by this notice. Zhihu has a six-month period to rectify the price deficiency and can regain compliance if the ADSs' closing price and average price meet...Show More
Zhihu Inc., a prominent online content community in China, has received a notification from the New York Stock Exchange (NYSE) on December 28, 2023, indicating that the company is not in compliance with the NYSE's minimum average share price requirement. The issue arises from Zhihu's American depositary shares (ADSs) trading below the required average closing price of $1.00 over a consecutive 30 trading-day period. Despite this, the ADSs will continue to be listed and traded on the NYSE, provided Zhihu meets other listing standards. The company's business operations and reporting obligations remain unaffected by this notice. Zhihu has a six-month period to rectify the price deficiency and can regain compliance if the ADSs' closing price and average price meet the minimum threshold at the end of any calendar month during this period. If compliance is not achieved by the end of the six-month period, the NYSE may initiate suspension and delisting procedures. Zhihu is currently evaluating its options to address the trading price issue and will inform the NYSE of its plans to remedy the situation within the required timeframe.
知乎公司是中国著名的在线内容社区,已于2023年12月28日收到纽约证券交易所(NYSE)的通知,表明该公司未遵守纽约证券交易所的最低平均股价要求。该问题源于知乎的美国存托股票(ADS)在连续30个交易日内的交易价格低于规定的平均收盘价1.00美元。尽管如此,只要知乎符合其他上市标准,ADS将继续在纽约证券交易所上市和交易。该公司的业务运营和报告义务不受本通知的影响。知乎有六个月的时间来纠正价格缺口,如果ADS的收盘价和平均价格在此期间的任何日历月末达到最低门槛,知乎就可以恢复合规。如果在六个月期限结束时仍未实现合规,纽约证券交易所可能会启动暂停和退市程序。知乎目前正在评估其解决交易价格问题的备选方案,并将向纽约证券交易所通报其在规定的时间范围内纠正这种情况的计划。
知乎公司是中国著名的在线内容社区,已于2023年12月28日收到纽约证券交易所(NYSE)的通知,表明该公司未遵守纽约证券交易所的最低平均股价要求。该问题源于知乎的美国存托股票(ADS)在连续30个交易日内的交易价格低于规定的平均收盘价1.00美元。尽管如此,只要知乎符合其他上市标准,ADS将继续在纽约证券交易所上市和交易。该公司的业务运营和报告义务不受本通知的影响。知乎有六个月的时间来纠正价格缺口,如果ADS的收盘价和平均价格在此期间的任何日历月末达到最低门槛,知乎就可以恢复合规。如果在六个月期限结束时仍未实现合规,纽约证券交易所可能会启动暂停和退市程序。知乎目前正在评估其解决交易价格问题的备选方案,并将向纽约证券交易所通报其在规定的时间范围内纠正这种情况的计划。
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