Kaixin Auto Holdings announced the receipt of a notification dated February 1 from the Listing Qualifications department of the Nasdaq Stock Marke notifying Kaixin that, for the 30 consecutive business days ended January 31 the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2). The Nasdaq Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until July 30, to regain compliance with the Rule. If, at any time before July 30, the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will inform the Company that the Company has regained compliance with the Rule.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on KXIN:
- Kaixin Auto Holdings Announces 2024 Annual Meeting of Shareholders
- Kaixin Auto Holdings Announces Appointment of Director
- Kaixin Auto, DeepBlue AI Technology establish AI electric vehicle joint venture
- Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs
- Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue