Aurora Mobile Receives Approval to Transfer to Nasdaq Capital Market
28 Junho 2023 - 6:00AM
Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the
“Company”), a leading provider of customer engagement and marketing
technology services in China, today announced that on June 27,
2023, the Listing Qualifications department of the Nasdaq Stock
Market LLC (“Nasdaq”) approved the Company’s request to transfer
the listing of the Company’s American Depositary Shares (the
“ADSs”) from the Nasdaq Global Market to the Nasdaq Capital Market.
The transfer is expected to take effect at the opening of business
on June 29, 2023. The transfer of the Company’s listing to the
Nasdaq Capital Market is not expected to have any impact on trading
in the Company’s ADSs. The Company’s ADSs will continue to trade
uninterruptedly under the symbol “JG.” The Nasdaq Capital Market
operates in substantially the same manner as the Nasdaq Global
Market, and companies on the Nasdaq Capital Market must meet
certain financial and corporate governance requirements to qualify
for continued listing.
As previously disclosed, on December 28, 2022,
the Company received a letter from Nasdaq indicating that the
Company was not in compliance with Nasdaq Listing Rule 5450(a)(1),
as the closing bid price of the ADSs had been below US$1.00 per ADS
for the previous 32 consecutive business days. The Company was
given a period of 180 calendar days, or until June 26, 2023, to
regain compliance with the minimum bid price requirement. In
response, the Company submitted an application to transfer the
listing of its ADSs from the Nasdaq Global Market to the Nasdaq
Capital Market.
As a result of the transfer to the Nasdaq
Capital Market, Nasdaq granted the Company a second period of 180
calendar days, or until December 26, 2023, to regain compliance
with the minimum bid price requirement for continued listing. To
regain compliance, the closing bid price of the Company’s ADSs must
meet or exceed US$1.00 per ADS for a minimum of 10 consecutive
business days on or prior to December 26, 2023. Nasdaq’s
determination to grant the additional 180-day compliance period was
in part based on the Company meeting the continued listing
requirements of the Nasdaq Capital Market with the exception of the
bid price requirement, and the Company having provided written
notice of its intention to cure the deficiency during the
additional compliance period, including effecting a reverse stock
split or ADS-to-Class A common share ratio if necessary.
The Company intends to continue to actively
monitor the minimum bid price requirement and, as appropriate, will
consider available options to resolve any deficiencies and regain
compliance.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading
provider of customer engagement and marketing technology services
in China. Since its inception, Aurora Mobile has focused on
providing stable and efficient messaging services to enterprises
and has grown to be a leading mobile messaging service provider
with its first-mover advantage. With the increasing demand for
customer reach and marketing growth, Aurora Mobile has developed
forward-looking solutions such as Cloud Messaging and Cloud
Marketing to help enterprises achieve omnichannel customer reach
and interaction, as well as artificial intelligence and big
data-driven marketing technology solutions to help enterprises'
digital transformation.
For more information, please
visit https://ir.jiguang.cn/
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under 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,” “future,”
“intends,” “plans,” “believes,” “estimates,” “confident” and
similar statements. Among other things, the Business Outlook and
quotations from management in this announcement, as well as Aurora
Mobile’s strategic and operational plans, contain forward-looking
statements. Aurora Mobile may also make written or oral
forward-looking statements in its reports to the U.S. Securities
and Exchange Commission, in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including but not limited
to statements about Aurora Mobile’s beliefs and expectations, are
forward-looking statements. 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: Aurora Mobile’s strategies; Aurora Mobile’s future
business development, financial condition and results of
operations; Aurora Mobile’s ability to attract and retain
customers; its ability to develop and effectively market data
solutions, and penetrate the existing market for developer
services; its ability to transition to the new advertising-driven
SAAS business model; its ability to maintain or enhance its brand;
the competition with current or future competitors; its ability to
continue to gain access to mobile data in the future; the laws and
regulations relating to data privacy and protection; general
economic and business conditions globally and in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Company’s filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and Aurora Mobile
undertakes no duty to update such information, except as required
under applicable law.
For more information, please
contact:
Aurora Mobile LimitedE-mail:
ir@jiguang.cn
Christensen
In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail:
eric.yuan@christensencomms.com
In U.S.Ms. Linda BergkampPhone:
+1-480-614-3004Email: linda.bergkamp@christensencomms.com
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