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PRNewsWire
7 months ago
Baijiayun Group Ltd Announces Receipt of Nasdaq Delisting Notification Regarding Minimum Bid Price Deficiency
BEIJING , March 21, 2025 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced that it had received a written notification (the "Notice") from the Listing Qualifications (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on March 14, 2025, indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"), as the Company's closing bid price for its Class A ordinary shares, par value US$0.0001 per share (the "Class A ordinary shares"), was below $1.00 per share for the prior thirty (30) consecutive business days. Pursuant to the Notice, normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Requirement.