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- FLJ Group (NASDAQ:FLJ) said on Wednesday it had received a Nasdaq deficiency notice stating that the company was not in compliance with the stock exchange's listing rules.
- Shares of FLJ fell 2.3% in extended trading.
- According to the Nasdaq notice, FLJ is not in compliance with the minimum $50M in total assets and total revenue for the most recently completed fiscal year or two of the last three most recently completed fiscal years requirement.
- FLJ added it also no longer meets the minimum Market Value of Publicly Held Shares requirement under Nasdaq listing rules.
- The company said that the Nasdaq notice has no immediate effect on the listing or on the trading of its ADSs.
- FLJ plans to submit the compliance plan on or before April 5.
- Press Release