Tarena discloses Nasdaq listing deficiency notice

Tarena International announced that it received a written notification from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC dated July 28, 2023, indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares for the Nasdaq Global Select Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C), because the Company’s MVPHS for the last 30 consecutive business days was below the minimum MVPHS requirement of $15,000,000. Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 calendar days, or until January 24, 2024.