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Huize Holding Limited’s American Depositary Shares (NASDAQ:HUIZ) are trading higher Tuesday after the company announced it has regained compliance with Nasdaq’s minimum bid price requirement.
What To Know: Huize Holding had previously been notified by Nasdaq on Sept. 10 2024, that its ADS price had fallen below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1). To address the issue, the company needed to maintain a closing bid price of at least $1.00 for 10 consecutive business days.
On Dec. 302024, Nasdaq confirmed Huize had met this criterion, with its ADSs trading at or above $1.00 from Dec. 9 to Dec. 27. The matter is now considered resolved.
Huize Holding is an insurance technology platform based in Shenzhen, China. It uses AI and data-driven solutions to connect consumers, insurance carriers, and distribution partners. The platform focuses on providing insurance services for mass affluent consumers, offering a range of products and services covering the full insurance lifecycle.
HUIZ Price Action: Huize shares were up 7.12% at $3.38 at the time of writing, according to Benzinga pro.
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Posted In: HUIZ
