Senmiao Technology regains Nasdaq compliance

Senmiao Technology announced that it has received a letter from the Nasdaq Listing Qualifications Staff, dated March 26, 2024, notifying the company that it has regained compliance with the minimum bid price requirement under the Listing Rules of The Nasdaq Stock Market. The letter noted that as a result of the closing bid price of the company’s common stock having been at $1.00 per share or greater for 20 consecutive business days, from February 27, 2024 to March 25, 2024, the fcompany has regained compliance with Listing Rule 5550(a)(2), and the matter is now closed.