ATA Creativity Global Regains Compliance with Nasdaq Minimum Bid Price Listing Requirement
July 09 2020 - 8:00AM
ATA Creativity Global ("ACG" or the "Company", Nasdaq:
AACG), an international educational services company
focused on providing quality learning experiences that cultivate
and enhance students’ creativity, today announced that it has
received a letter from the Nasdaq Listing Qualifications Staff
notifying the Company that it has regained compliance with the
minimum bid price requirement under the Listing Rules of The Nasdaq
Stock Market. The letter noted that as a result of the closing bid
price of the Company’s common stock having been
at $1.00 per share or greater for at least 10 consecutive
business days, from June 22, 2020, to July 6, 2020,
the Company has regained compliance with Listing Rule 5550(a)(2),
and the matter is now closed.
About ATA Creativity GlobalATA
Creativity Global is an international educational services company
focused on providing quality learning experiences that cultivate
and enhance students’ creativity. ATA Creativity Global offers a
wide range of education services consisting primarily of portfolio
training, educational travel, overseas study counseling and other
educational services through its training center network. For more
information, please visit ACG’s website at www.atai.net.cn.
Cautionary Note Regarding
Forward-looking StatementsThis announcement contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terms such as
“believe,” “could,” “expect,” “future,” “look forward to,” “plan,”
“should,” “will,” and similar terms. These forward-looking
statements involve known and unknown risks and uncertainties, are
based on current expectations, assumptions, estimates, and
projections by ACG, and are subject to governmental approvals and
other conditions. The Company undertakes no obligation to update
forward-looking statements, except as may be required by law. The
Company cannot assure you that its expectations and assumptions
will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated
results.
For more information on our company, please contact the
following individuals:
At the Company |
Investor Relations |
ATA Creativity Global |
The Equity Group Inc. |
Amy Tung, CFO |
Carolyne Y. Sohn, Vice President |
+86 10 6518 1133 x 5518 |
415-568-2255 |
amytung@atai.net.cn |
csohn@equityny.com |
|
|
|
Adam Prior, Senior Vice President |
|
212-836-9606 |
|
aprior@equityny.com |
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