Micro-, Small-Cap Firms Dominate Market Rally

8. ATA Creativity Global (NASDAQ:AACG)

ATA Creativity grew its share prices by 27.16 percent on Thursday to end at $1.03 each as investors repositioned portfolios ahead of its full-year earnings release.

AACG, a China-based international educational services company, is expected to release its full-year earnings performance in the last week of March, based on the company’s historical reporting dates.

In December last year, AACG regained its compliance with the minimum bid price requirement under the Nasdaq Listing Rules. However, it continues to face challenges over minimum stockholders’ equity deficiency, having received a notification letter from Nasdaq on November 27, 2024, notifying that it was not in compliance with the minimum stockholders’ equity requirement.

Nasdaq requires companies listed on Nasdaq Global Market to maintain a minimum of $10 million in stockholders’ equity to remain listed. In its last quarterly result, AACG said its public equity was below $10 million.

AACG was given a deadline of January 13, 2025, to submit a plan to regain compliance on the public float, and if accepted, it will have 180 days to regain compliance.