ADSS

Qudian Inc. Receives Notice Regarding NYSE Continued Listing Standards

Retrieved on: 
Friday, May 27, 2022
Company, Annual report, ADSS, Cure, NYSE Listed Company Manual, Efficiency, Delinquent, Compliance, Forward-looking statement, Terminology, Technology, AUS, Calendar, Private Securities Litigation Reform Act, Collection, NYSE, Letter, Public relations

XIAMEN, China, May 27, 2022 /PRNewswire/ --Qudian Inc.("Qudian" or the "Company") (NYSE: QD), a consumer-oriented technology company inChina, today announced that it has received a letter from theNew York Stock Exchange(the "NYSE") datedMay 25, 2022, notifying the Company that it is below the NYSE's continued listing standards due to the trading price ofQudian'sAmerican depositary shares (the "ADSs").

Key Points: 
  • XIAMEN, China, May 27, 2022 /PRNewswire/ --Qudian Inc.("Qudian" or the "Company") (NYSE: QD), a consumer-oriented technology company inChina, today announced that it has received a letter from theNew York Stock Exchange(the "NYSE") datedMay 25, 2022, notifying the Company that it is below the NYSE's continued listing standards due to the trading price ofQudian'sAmerican depositary shares (the "ADSs").
  • The Company has six months ("the Cure Period") following receipt of the notice to regain compliance with the minimum share price requirement.
  • The Company has notified the NYSE onMay 27, 2022of its intent to cure the deficiency.
  • During the Cure Period, the Company's ADSs will continue to be listed and traded on the NYSE, subject to its compliance with other NYSE continued listing standards and other rights of the NYSE to delist the ADSs.

Mereo BioPharma Received Notification of Nasdaq Minimum Bid Price Deficiency

Retrieved on: 
Thursday, May 26, 2022
BOS, Osteogenesis imperfecta, OI, Company, Neoplasm, U.S. Securities and Exchange Commission, Patient, Monaco Age Oncologie, NASDAQ, ADSS, Degenerative disease, Respiratory tract, Form 6-K, Annual report, Intention, Forward-looking statement, Compliance, Ovarian cancer, Calendar, Therapy, LLC, American depositary receipt, Security (finance), Letter, AATD, GLOBE, Auction, Pharmaceutical industry, Nasdaq

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 21, 2022, to regain compliance with Nasdaqs minimum bid price requirement.

Key Points: 
  • Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 21, 2022, to regain compliance with Nasdaqs minimum bid price requirement.
  • If at any time during this period, the closing bid price of the Companys ADSs is at least $1.00 for a minimum of 10 consecutive business days, the Company will be deemed to have regained compliance.
  • Nasdaq will then provide a written confirmation of compliance and the matter will be closed.
  • Mereo intends to monitor the closing bid price of its ADSs.

Fanhua Announces Distribution of CNFinance Shares

Retrieved on: 
Thursday, May 26, 2022
Company, Securities & Exchange Commission of Pakistan, Annual report, New, Book, Insurance, Health, ADSS, Date, Form 20-F, COVID-19, ADS, U.S. Securities and Exchange Commission, Industry, Time, Life, Terminology, Travel, Sale, Private Securities Litigation Reform Act, NYSE, GLOBE, Security (finance), Shanghai Shijie Fanhua Bao

Based on the number of ordinary shares of Fanhua outstanding as of May 26, 2022, the Company estimates that its shareholders will receive approximately 4.71 CNFinance ordinary shares for each 20 Fanhua ordinary shares, or 0.2355 CNFinance ADSs for each Fanhua ADS, held as of the Record Date (as defined below).

Key Points: 
  • Based on the number of ordinary shares of Fanhua outstanding as of May 26, 2022, the Company estimates that its shareholders will receive approximately 4.71 CNFinance ordinary shares for each 20 Fanhua ordinary shares, or 0.2355 CNFinance ADSs for each Fanhua ADS, held as of the Record Date (as defined below).
  • The CNFinance ordinary shares and the CNFinance ADSs are collectively referred to as the CNFinance Shares.
  • The actual distribution ratio will be determined based on the number of Fanhua ordinary shares outstanding on the Record Date and the number of ordinary shares of CNFinance held by the Company immediately prior to the effective time of the distribution.
  • Following the distribution of the CNFinance shares, Fanhuas equity stake in CNFinance will decrease from approximately 18.5% currently to approximately 0.01%.

Trip.com Group to Hold Annual General Meeting on June 30, 2022

Retrieved on: 
Thursday, May 26, 2022
People, Company, TCOM, U.S. Securities and Exchange Commission, Annual report, Mission statement, Trip.com Group, ADSS, Investor relations, ADS, Republic, Stock exchange, Form 20-F, Forward-looking statement, Skyscanner, Terminology, Travel, Hong Kong Stock Exchange, HKEX, Private Securities Litigation Reform Act, AGM, SEC, China Railway Group Limited, Security (finance), Nasdaq

Instead, the meeting will serve as an open forum for shareholders and beneficial owners of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.

Key Points: 
  • Instead, the meeting will serve as an open forum for shareholders and beneficial owners of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.
  • Holders of record of ordinary shares of the Company at the close of business on June 9, 2022 (Hong Kong time) are entitled to receive notice of and attend the annual general meeting or any adjournment or postponement thereof in person.
  • Beneficial owners of the Company's ADSs are welcome to attend the meeting in person.
  • Trip.com Group's annual report for the fiscal year ended December 31, 2021 can be accessed on the above-mentioned websites.

Eco Wave Power Announces Submission of Formal Application for Delisting from Nasdaq First North Growth Market in Stockholm as Part of U.S. Focus

Retrieved on: 
Thursday, May 26, 2022
Electricity, Bank, Nasdaq First North, NASDAQ, BNY Mellon, Company, Intention, Nasdaq, ADSS, Entrepreneurship, American depositary receipt, Security (finance)

STOCKHOLM, May 26, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ: WAVE) (NASDAQ First North: ECOWVE) ("Eco Wave Power" or the "Company"), a leader in the production of clean electricity from ocean and sea waves, today announced that it has submitted a formal application of delisting from Nasdaq First North Growth Market Sweden ("Nasdaq First North").

Key Points: 
  • ADSs Will Continue to Trade on the Nasdaq Capital Market in the U.S.
    STOCKHOLM, May 26, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ: WAVE) (NASDAQ First North: ECOWVE) ("Eco Wave Power" or the "Company"), a leader in the production of clean electricity from ocean and sea waves, today announced that it has submitted a formal application of delisting from Nasdaq First North Growth Market Sweden ("Nasdaq First North").
  • The Company submitted the application 90 days after announcing its intention to delist via a press release on February 25, 2022.
  • The Company hereby clarifies that it plans to keep the electronic number of the Swedish common shares in place.
  • Afterwards, shareholders will be able to convert their common shares into ADSs listed on the Nasdaq Capital Market at any time.

Eco Wave Power Announces Submission of Formal Application for Delisting from Nasdaq First North Growth Market in Stockholm as Part of U.S. Focus

Retrieved on: 
Thursday, May 26, 2022
Electricity, Bank, Nasdaq First North, NASDAQ, BNY Mellon, Company, Intention, Nasdaq, ADSS, Entrepreneurship, American depositary receipt, Security (finance)

STOCKHOLM, May 26, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ: WAVE) (NASDAQ First North: ECOWVE) ("Eco Wave Power" or the "Company"), a leader in the production of clean electricity from ocean and sea waves, today announced that it has submitted a formal application of delisting from Nasdaq First North Growth Market Sweden ("Nasdaq First North").

Key Points: 
  • ADSs Will Continue to Trade on the Nasdaq Capital Market in the U.S.
    STOCKHOLM, May 26, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ: WAVE) (NASDAQ First North: ECOWVE) ("Eco Wave Power" or the "Company"), a leader in the production of clean electricity from ocean and sea waves, today announced that it has submitted a formal application of delisting from Nasdaq First North Growth Market Sweden ("Nasdaq First North").
  • The Company submitted the application 90 days after announcing its intention to delist via a press release on February 25, 2022.
  • The Company hereby clarifies that it plans to keep the electronic number of the Swedish common shares in place.
  • Afterwards, shareholders will be able to convert their common shares into ADSs listed on the Nasdaq Capital Market at any time.

ZTO Reports First Quarter 2022 Unaudited Financial Results

Retrieved on: 
Wednesday, May 25, 2022
Board of Governors of the United States Postal Service, Income, COVID-19, ASP, H.10, Company, Structure of the Federal Reserve System, EBITDA, Depreciation, Share repurchase, Information technology, Automation, Review, Translation, VAT, ADSS, Transport, ADS, Efficiency, Industry, Board, ZTO, GAAP, Line, Table, Reinsurance, Health insurance, Bank, Bookkeeping, Cryptocurrency, Renminbi

SHANGHAI, May 25, 2022 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2022[1]. Despite severe impact from Omicron induced shutdowns starting in March, the Company grew parcel volume 5.2 billion, or 16.8%, while achieving high levels of customer satisfaction as well as earnings growth. Cash generated from operating activities was RMB1,105.4 million.

Key Points: 
  • As of March 31, 2022, 422 sets of automated sorting equipment were in service, compared to 349 sets as of March 31, 2021.
  • Other costs were RMB1,059.4 million (US$167.1 million), an increase of 29.2% from RMB819.8 million in the same period last year.
  • ZTO encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure.
  • ZTO's management team will host an earnings conference call at 8:30 PM U.S. Eastern Time on Wednesday, May 25, 2022 (8:30 AM Beijing Time on May 26, 2022).

Q&K Announces Issuance of Shares to CB Holders and Certain Lender

Retrieved on: 
Wednesday, May 25, 2022
Company, Conversion, City, U.S. Securities and Exchange Commission, American, NASDAQ, ADSS, COVID-19, Creditor, ADS, Technology, Regulation, Securities Act of 1933, Securities Exchange Act of 1934, Constitutional amendment, Terminology, QK, Group, Private Securities Litigation Reform Act, Acquisition, SEC, Growth, CB, New Universe International Group Limited, GLOBE, Security (finance), Risk management

Also pursuant to the Amendments, all of the issued and outstanding warrants previously issued to the CB Holders in connection with the 2020 CB are deemed to have expired and the Company will have no further obligation to issue additional warrants to the CB Holders in connection with the 2020 CB.

Key Points: 
  • Also pursuant to the Amendments, all of the issued and outstanding warrants previously issued to the CB Holders in connection with the 2020 CB are deemed to have expired and the Company will have no further obligation to issue additional warrants to the CB Holders in connection with the 2020 CB.
  • On May 25, 2022, the CB Holders elected to convert, and converted, all of the US$64,729,973 outstanding principal amount of the 2020 CB and all the accrued but unpaid interest as of such date at the Conversion Price, resulting in the issuance of 15,414,467,400 class A ordinary shares or 102,763,116 ADSs.
  • The CB Holders and the Lender are non-U.S. persons, and the transactions are offshore transactions exempt from registration with the U.S. SEC under Regulation S of the United States Securities Act of 1933, as amended.
  • We believe the CB and loan conversion demonstrates the CB Holders and Lenders confidence in our business and long-term success.

Zhihu Inc. Reports First Quarter 2022 Unaudited Financial Results

Retrieved on: 
Wednesday, May 25, 2022
Hong Kong Stock Exchange, ID, RMB, Company, Advertising, Research, Share repurchase, Investment, MAU, US, ADSS, COVID-19, Total, Marketing, ADS, Efficiency, Stock exchange, Board, Vocational education, Tehran Stock Exchange, Maus, GAAP, Growth, NYSE, Development, Video game, Health insurance, Lithium, Online gambling, Zhihu

BEIJING, May 25, 2022 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), the operator of Zhihu, a leading online content community in China, today announced its unaudited financial results for the quarter ended March 31, 2022.

Key Points: 
  • BEIJING, May 25, 2022 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), the operator of Zhihu, a leading online content community in China, today announced its unaudited financial results for the quarter ended March 31, 2022.
  • Total revenueswere RMB743.2 million (US$117.2 million) in the first quarter of 2022, representing a growth of 55.4% over the first quarter of 2021.
  • Gross Profitwas RMB335.5 million (US$52.9 million) in the first quarter of 2022, representing a growth of 23.1% over the first quarter of 2021.
  • Average monthly paying members[2]reached 6.9 million in the first quarter of 2022, representing a growth of 72.8% over the first quarter of 2021.

O2Micro Announces Receipt of an Updated Preliminary Non-Binding Proposal to Acquire the Company

Retrieved on: 
Friday, May 20, 2022
Automotive industry, Company, Committee, U.S. Securities and Exchange Commission, Consortium, Annual report, NASDAQ, Solution, ADSS, Canadian House of Commons Special Committee on Electoral Reform, Marketing, ADS, Proposal, Board, Terminology, Security (finance), Private Securities Litigation Reform Act, Growth, GEORGE, Computer, Consumer, GLOBE, Cryptocurrency

The Proposal Letter updates the preliminary non-binding proposal letter submitted by FNOF to the Company on March 14, 2022.

Key Points: 
  • The Proposal Letter updates the preliminary non-binding proposal letter submitted by FNOF to the Company on March 14, 2022.
  • Founded in April 1995, O2Micro develops and markets innovative power management components for the Computer, Consumer, Industrial and Automotive markets.
  • O2Micro, the O2Micro logo, and combinations thereof are registered trademarks of O2Micro.
  • Further information regarding these and other risks is included in the Companys filings with the Securities and Exchange Commission.