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Stock impact report

Kaixin Auto Holdings Receives Notice of Delisting for Warrants; Notice Does Not Impact Kaixin's Ordinary Shares

Kaixin Holdings - Ordinary Shares (KXIN) 
Company Research Source: PR Newswire
BEIJING, June 3, 2019 /PRNewswire/ -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) announced today receipt of a delisting notice from The Nasdaq Stock Market LLC ("NASDAQ"), which informed the Company that, absent an appeal, trading in the Company's warrants (KXINW) will be suspended from The Nasdaq Capital Market at the opening of business on June 11, 2019. The Company received notification on May 31, 2019, indicating that the Company has not demonstrated that it meets the minimum 400 round lot holder requirement for initial listing of its warrants, following the completion of the Company's business combination on April 30, 2019. This action does not impact listing of the Company's ordinary shares, which will continue to trade on the NASDAQ.About Kaixin Auto HoldingsKaixin Auto Holdings is a leading premium used car dealership network in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both str Show less Read more
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