Aurora Mobile Announces Receipt of Minimum Bid Price Notice from Nasdaq
December 30 2022 - 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 it has received
written notification from the staff of the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated December
28, 2022, indicating that for the last 32 consecutive business
days, the closing bid price for the Company’s American depositary
shares (the “ADSs”) was below the minimum bid price of US$1.00 per
share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The
Nasdaq notification letter has no current effect on the listing or
trading of the Company’s ADSs on Nasdaq.
Pursuant to the Nasdaq Listing Rule
5810(c)(3)(A), the Company is provided with a compliance period of
180 calendar days, or until June 26, 2023, to regain compliance
under the Nasdaq Listing Rules. If at any time during the 180-day
compliance period, the closing bid price of the Company’s ADSs is
US$1.00 per share or higher for a minimum of ten consecutive
business days, Nasdaq will provide the Company written confirmation
of compliance and the matter will be closed. In the event the
Company does not regain compliance by June 26, 2023, subject to the
determination by the staff of Nasdaq, the Company may be eligible
for an additional 180-day compliance period.
The Nasdaq notification letter does not affect
the Company’s business operations, and the Company will take all
reasonable measures to regain compliance within the prescribed
compliance period.
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.
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 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 visit
https://ir.jiguang.cn/.
For investor and media inquiries, please
contact:
Aurora Mobile Limited
ir@jiguang.cn
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: eric.yuan@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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