"NYSE American staff determined that Ambow's continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement no later than March 21, 2024. The Company intends to complete a reverse stock split in order to regain compliance with the NYSE American's continued listing standards set forth in the Company Guide in a timely manner."
https://seekingalpha.com/pr/19492271-ambow-education-receives-notice-of-nyse-american-continued-listing-deficiency#comments