The9 Limited (NASDAQ: NCTY) has reported that it has got a warning from the listing department of The Nasdaq Stock Market Inc. The warning letter from Nasdaq stated that the firm no longer fulfills the listing terms of minimum MVLS for the Nasdaq Capital Market.

The9 Limited has been given time till May 11, 2021, to regain compliance as its market value is less than US$35 million which is the minimum condition of the Nasdaq capital market. The notice also indicated that if the MLVS of the firm reaches US$35 million during the compliance period the issue will be resolved and if the firm does not satisfy the listing conditions before the termination of the agreement period then it will be delisted from the stock exchange.