Lixiang Education Received Notice of Failure to Satisfy Continued Listing Rule
Lixiang Education Holding Co., Ltd. - American Depositary Shares (LXEH)
Company Research
Source: GlobeNewswire
LISHUI, China, May 09, 2024 (GLOBE NEWSWIRE) -- Lixiang Education Holding Co., Ltd. (the “Company” or NASDAQ: LXEH), a prestigious private education service provider in China, today announced that it received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Global Market on May 7, 2024 indicating that the Company was not in compliance with Listing Rule 5450(a)(1)(the “Minimum Bid Price Rule”), which requires the Company to maintain a minimum bid price of US$1.00 per share. The Minimum Bid Price Rule requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet this requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company from March 21, 2024 to May 6, 2024, the Company no longer meets the requirement of the Minimum Bid Price Rule. In accordance with Listing Rule 5810(c)(3)(A), t
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LXEH
Sec Filings
- 5/15/24 - Form 20-F
- 5/9/24 - Form 6-K
- 4/30/24 - Form NT
- LXEH's page on the SEC website