Gridsum Holding Inc. provides data analysis software for multinational and domestic enterprises, and government agencies in China and internationally. The company was founded in 2014 and is based in Beijing, China.
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Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today clarified its relationship with Mininglamp Technology Group Limited ("Mininglamp") and Leading Smart Holdings Limited ("Leading Smart Holdings"), the joint filers of a Schedule 13D filed on June 9, 2020 with the U.S. Securities and Exchange Commission (the "Schedule 13D").
Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that on June 9, 2020, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq"), indicating that for the twenty consecutive trading days from May 11, 2020 to June 8, 2020, the Company's Market Value of Publicly Held Shares ("MVPHS") had been $15,000,000 or greater as required for continued listing on The Nasdaq Global Select Market. Accordingly, the Company has regained compliance with such requirement, and the matter is now closed.