Beijing, China, Oct. 02, 2026 (GLOBE NEWSWIRE) -- ATA Creativity Global ("AACG" or the "Company"), ,NASDAQ: AACG) announced today that on September 29, 2026, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq"), notifying the Company that the minimum bid price per share for its American Depositary Shares (the "ADSs"), each representing two common shares, par value $0.01 per share, has been below $1.00 for a period of 31 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).
The notification received has no immediate effect on the listing of the Company's ADSs on Nasdaq. Under the Nasdaq Listing Rules, the Company has until March 29, 2027 to regain compliance. If at any time during such 180-day period the closing bid price of the Company's ADSs is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance.
If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar days, provided that the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq except for Nasdaq Listing Rule 5550(a)(2), and provide a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary.
About ATA Creativity Global
ATA Creativity Global has been engaged in the business of providing international educational services company, with a focus on quality learning experiences that cultivate and enhance students' creativity. As part of the Company's ongoing business transformation, it completed the disposition of certain subsidiaries and variable interest entity on June 30, 2026, while continuing to operate its education business through its subsidiary in mainland China. For more information, please visit AACG's website at https://aacg.online.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; the Company's future acquisition opportunities; the Company's ability to identify any acquisition opportunities that fit with our business strategies; the Company's ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
At the Company
ATA Creativity Global
Ruobai Sima, CFO
+86 10 6518 1133 x 5518
simaruobai@acgedu.cn
