Lixiang Education receives Nasdaq notice of non-compliance

Lixiang Education (LXEH) announced that it received a written notice from the Listing Qualifications Department of The Nasdaq Global Market on February 9 indicating that the company was not in compliance with Listing Rule 5450(b)(1)(C), which requires the company to maintain a minimum market value of publicly held shares of $5M for continued listing on the Nasdaq Global Market. The company intends to actively monitor its market value of publicly held shares between now and August 10.