UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2023
Commission File Number:
001-39742
17 Education & Technology Group Inc.
16/F, BlockB, Wangjing Greenland Center
Chaoyang District, Beijing 100102
People's Republic of China
(Address of principal executive offices)
Indicate by check mark whetherthe registrant files or will file annual reports
under cover of Form
20-F
or Form
40-F.
Form
20-F Form
40-F
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17 Education & Technology Group Inc. Announces Receipt of Minimum Bid
PriceNotice from Nasdaq
17 Education & Technology Group Inc. (NASDAQ: YQ) ("17EdTech" or the
"Company") announced that it hasreceived written notification from the staff
of the Listing Qualifications Department of the Nasdaq Stock Market LLC
("Nasdaq") dated August 3, 2023, indicating that for the last 30 consecutive
business days, the closing bid price forthe Company's 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 Nasdaq
notification letter has no current effect on thelisting or trading of the
Company's securities on the Nasdaq Global Market.
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company isprovided
with a compliance period of 180 calendar days, or until January 30, 2024, to
regain compliance under the Listing Rules. If at any time during the
180-day
compliance period, the closing bid priceof the Company's ADSs is US$1.00 per
share or higher for a minimum of ten consecutive business days, the 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 January 30, 2024,
subject to the determination by the staff of Nasdaq, the Company may be
eligiblefor an additional
180-day
compliance period.
The Nasdaq notification letter will have no effect on theCompany's business
operations, and the Company will take all reasonable measures to regain
compliance.
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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 bythe
undersigned, thereunto duly authorized.
17 EDUCATION & TECHNOLOGY GROUP INC.
By: /s/ Michael Chao Du
Name: Michael Chao Du
Title: Chief Financial Officer
Date: August 10, 2023