Missfresh Regains Compliance with Nasdaq’s Minimum Bid Price Requirement
01 Novembro 2022 - 9:00AM
Missfresh Limited (Nasdaq: MF) (“Missfresh” or the “Company”), an
innovator in China’s neighborhood retail industry, today announced
that it has received a notification letter (the “Compliance
Notice”) from the Listing Qualifications Department of the Nasdaq
Stock Market Inc. (“Nasdaq”) dated October 31, 2022, informing the
Company that it has regained compliance with the Nasdaq Listing
Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).
As previously announced, Missfresh received a notification
letter (the “Deficiency Notice”) from the Nasdaq dated June 2, 2022
indicating that the closing bid price for the Company’s American
depositary shares (the “ADSs”) was below the minimum bid price of
$1.00 required for continued listing under the Nasdaq Listing Rule
5450(a)(1) for 30 consecutive business days. According to the
Deficiency Notice, if at any time during the 180-day compliance
period, the closing bid price of the Company’s ADSs is at least
$1.00 for a minimum of ten consecutive business days, the Nasdaq
will provide the Company written confirmation of compliance and the
matter will be closed. According to the Compliance Notice, the
closing bid price of the Company’s ADSs has been at $1.00 per ADS
or greater for 10 consecutive business days from October 17 to
October 28, 2022, and the Company has regained compliance with the
Minimum Bid Price Requirement and the matter is closed.
Safe Harbor Statement
This announcement contains statements that may constitute
“forward-looking” statements which are made pursuant to 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,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the Company’s beliefs, plans, and
expectations, are forward-looking statements. The Company has based
these forward-looking statements largely on its current
expectations and projections about future events and financial
trends, which involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company’s control. 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: adverse changes in general economic or market
conditions; potential changes in laws, regulations and governmental
policies or changes in the interpretation and implementation of
laws, regulations and governmental policies that could adversely
affect the industries in which Missfresh or its business partners
operate, including, among others, initiatives to enhance
supervision of companies listed on an overseas exchange and tighten
scrutiny over data privacy and data security; impact of the
COVID-19 pandemic; natural disasters and geopolitical events; and
intensity of competition. Further information regarding these and
other risks is included in the Company’s filings with the SEC. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please
contact:
In China:Missfresh LimitedInvestor RelationsTel: +86 (10)
5954-4422Email: ir@missfresh.cn
The Piacente Group, Inc.Jenny CaiTel: +86 (10) 6508-0677E-mail:
missfresh@tpg-ir.com
In the United States:The Piacente Group, Inc.Brandi PiacenteTel:
+1-212-481-2050E-mail: missfresh@tpg-ir.com
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