Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
September 16 2024 - 5:14AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
Commission File Number: 001-39216
Huize Holding Limited
(Registrants Name)
49/F,
Building T1, Qianhai Financial Centre, Linhai Avenue,
Qianhai Shenzhen-Hong Kong
Cooperation Zone, Shenzhen 518000
Peoples Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
Huize Holding Limited Announces Receipt of Minimum Bid Price Notice from Nasdaq
On September 16, 2024, Huize Holding Limited (Huize or the Company) (NASDAQ: HUIZ), a leading insurance technology
platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that it has received a notification letter dated
September 10, 2024 (the Notice) from the staff of the Listing Qualifications Department of Nasdaq Stock Market LLC (Nasdaq), indicating that for the last 30 consecutive business days, the closing bid price of the
Companys American depositary shares (the ADSs) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Notice has no current effect on the listing or trading of the
Companys ADSs on Nasdaq.
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180
calendar days, or until March 10, 2025, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Companys ADSs is
US$1.00 per share or higher for at least ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by March 10, 2025,
subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period if it meets the continued listing requirement for market value of publicly held
shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the
second compliance period, including by effecting a reverse stock split, if necessary.
The Nasdaq notification letter does not affect the
Companys business operations, and the Company will take all reasonable measures to regain compliance within the prescribed grace period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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Huize Holding Limited |
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By |
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/s/ Ronald Tam |
Name |
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Ronald Tam |
Title |
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Co-Chief Financial Officer |
Date: September 16, 2024
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