TuSimple Holdings Faces Nasdaq Delisting Over Price Woes

TuSimple Holdings (TSP) has released an update to notify the public and investors about listing compliance status.

TuSimple Holdings Inc. received a notice from Nasdaq on January 24, 2024, indicating non-compliance with the minimum bid price requirement as the stock price had been below $1.00 for 30 consecutive days. Although the company’s stock listing remains unaffected for now, they have until July 22, 2024, to meet the requirement. The company had already expressed an intention to voluntarily delist from Nasdaq and deregister its stock with the SEC, as reflected in their filings.

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