Kaixin Holdings Announces Receipt of Nasdaq Delisting Determination and Submission of Appeal
Kaixin Holdings - Ordinary Shares (KXIN)
Company Research
Source: GlobeNewswire
HANGZHOU, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated August 19, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days (the “Letter”). The Letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”). As previously reported, on February 1, 2024, Nasdaq notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with Listing Rule 5810(c)(3)(
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KXIN
Sec Filings
- 11/14/24 - Form 424B5
- 11/14/24 - Form 6-K
- 10/15/24 - Form S-8
- KXIN's page on the SEC website