Gaotu Techedu Inc. (“Gaotu” or the “Company”) (NYSE: GOTU), a technology-driven education firm and provider of online large-class tutoring services in China, announced today that the company has received a letter from the New York Stock Exchange (the “NYSE”) dated January 3, 2023, notifying the company that it has once again regained compliance with the NYSE’s continued listing criterion, which requires a minimum average stock price (the “NYSE Continued Listing Criterion”).
As previously mentioned, on November 16, 2022, the NYSE sent a letter to the Company informing it that its American depositary shares (the “ADSs”) had fallen below the NYSE’s continuous listing requirement of a minimum share price of $1.00 per ADS for a 30-trading-day period. On January 3, the NYSE declared that the Company’s ADS’s average stock price over the previous 30 trading days had exceeded $1.00 per ADS. The Company is once again in compliance with the NYSE Continued Listing Criteria as a result.

Source: Prnewswire