Q&K Receives Minimum Bid Price Notice from Nasdaq
04 Octubre 2021 - 4:00PM
Q&K International Group Limited (NASDAQ: QK) (“Q&K”
or the “Company”), a leading technology-driven long-term apartment
rental platform in China, announced that it received a notification
letter (“Notice”) from the staff of the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated
September 28, 2021, indicating that the Company no longer meets the
minimum bid price requirement set forth in Nasdaq Listing Rule
5450(a)(1) as the closing bid price of the Company’s American
Depositary Shares (“ADSs”) was below US$1.00 per ADS for a period
of 30 consecutive business days.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a
compliance period of 180 calendar days, or until March 28, 2022
(the “Compliance Period”), to regain compliance with Nasdaq’s
minimum bid price requirement. If at any time during the Compliance
Period, the closing bid price per ADS is at least US$1.00 for a
minimum of 10 consecutive business days, Nasdaq will provide the
Company a written confirmation of compliance and the matter will be
closed. In the event that the Company does not regain compliance by
March 28, 2022, subject to the determination by the staff of
Nasdaq, it may be eligible for additional time as stated in the
Notice. The Company will take reasonable measures to regain
compliance.
About Q&K
Q&K International Group Limited (NASDAQ: QK) is a leading
technology-driven long-term apartment rental platform in China. The
Company offers young, emerging urban residents
conveniently-located, ready-to-move-in, and affordable branded
apartments as well as facilitates a variety of value-added
services. Q&K leverages advanced IT and mobile technologies to
manage rental apartments in various cities in China. Technology is
the core of Q&K’s business and is applied to its operational
process from apartment sourcing, renovation, and tenant
acquisition, to property management. The focus on technology
enables Q&K to operate a large, dispersed, and fast-growing
portfolio of apartments with high operational efficiency and
deliver a superior user experience.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute “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 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” and similar statements.
Among other things, the quotations from management in this press
release and the Company and its subsidiaries’ (collectively, the
“Group”) operations and business outlook contain forward-looking
statements. Such statements involve certain risks, uncertainties
and other factors that could cause actual results to differ
materially from those in the forward-looking statements. These
risks and uncertainties include, but are not limited to the
following: the Group’s ability to access financing on favorable
terms in a timely manner and maintain and expand its cooperation
with financial institutions; the Group’s ability to continue as a
going concern in the future or achieve or maintain profitability;
the Group’s ability to effectively respond to the challenges and
uncertainties resulting from the COVID-19 pandemic and other
outbreaks and catastrophes; the Group’s ability to manage its
growth; the Group’s ability to integrate strategic investments,
acquisitions and new business initiatives; the Group’s ability to
control the quality of its operations, including the operation of
the rental apartments managed by its own apartment managers or by
third-party contractors; the Group’s ability to attract and retain
tenants and landlords, including tenants and landlords from its
acquired lease contracts; the Group’s ability to resolve disputes
with third parties; the Group’s ability to manage its brand and
reputation; the Group’s goal and strategies; the Group’s limited
operating history; the Group’s ability to compete effectively; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Group’s filings with the U.S. Securities and Exchange Commission.
Except as required by law, the Group does not undertake any
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.
For investor and media inquiries, please
contact:
Q&K
E-mail: ir@qk365.com
Christensen
In China
Mr. Rene Vanguestaine
Phone: +852-6686-1376
E-mail: rvanguestaine@ChristensenIR.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
Q and K (NASDAQ:QK)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Q and K (NASDAQ:QK)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024