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The9 Limited Regains Compliance With The Nasdaq Listing Rule 5550(b) For Minimum Shareholders Equity Maintenance

Author: Benzinga Newsdesk | April 23, 2024 06:18am

The9 Limited ("The9") (NASDAQ:NCTY), an established Internet company, today announced that it received a notification letter from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market dated April 22, 2024 stating that The9 has regained compliance with the Nasdaq Listing Rule 5550(b) which requires The9 to maintain either a minimum $2.5 million stockholders' equity, or $35 million market value of listed securities, or $500,000 of net income from continuing operations for The Nasdaq Capital Market.

Posted In: NCTY


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