BEIJING, Aug. 20,
2024 /PRNewswire/ -- Scienjoy Holding Corporation
("Scienjoy", the "Company", or "we") (NASDAQ: SJ), an interactive
entertainment leader in the Chinese market, today announced
that the Company received a written notification (the "Notification
Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on
August 19, 2024, informing the
Company that it has regained compliance with the Nasdaq's minimum
bid price requirement. According to the Notification Letter, the
closing bid price of the Company's Class A ordinary shares has been
at $1.00 per share or greater for ten
consecutive business days from August 5
through August 16, 2024.
About Scienjoy Holding Corporation
Scienjoy is a pioneering Nasdaq-listed interactive entertainment
leader. Driven by the vision of shaping a metaverse lifestyle,
Scienjoy leverages AI-powered technology to create immersive
experiences that resonate with global audiences, fostering
meaningful connections and redefining entertainment. For more
information, please visit http://ir.scienjoy.com/.
Safe Harbor Statement
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting our profitability; litigation involving
patents, intellectual property, and other matters; potential
changes in the legislative and regulatory environment; a pandemic
or epidemic. The forward-looking statements contained in this
release are also subject to other risks and uncertainties,
including those more fully described in the Company's filings with
the Securities and Exchange Commission ("SEC") from time to time.
The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
Such information speaks only as of the date of this release.
For investor and media inquiries, please contact:
Investor Relations Contacts
Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
ir@scienjoy.com
Ascent Investor Relations LLC
Tina Xiao
+1-646-932-7242
investors@ascent-ir.com
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SOURCE Scienjoy Holding Corporation
