Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price
Kaixin Holdings - Ordinary Shares (KXIN)
Company Research
Source: GlobeNewswire
HANGZHOU, China, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated February 1, 2024, from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, for the 30 consecutive business days ended January 31, 2024, 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 “Rule”). 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, 2024, to regain compliance with the Rule. If, at any time before July 30, 2024, the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of 10 consecutive b
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- Kaixin Holdings Full Year 2023 Earnings: US$2.34 loss per share (vs US$6.35 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Kaixin Auto Holdings Announces Name Change [Yahoo! Finance]Yahoo! Finance
- Kaixin Auto Holdings Announces Name ChangeGlobeNewswire
- Global Low-Speed Electric Vehicle Market to Hit Valuation of USD 33.48 Billion By 2032, at 22.5% CAGR: Astute Analytica [Yahoo! Finance]Yahoo! Finance
- Kaixin Auto Holdings Announces Annual General Meeting Results [Yahoo! Finance]Yahoo! Finance
KXIN
Sec Filings
- 4/29/24 - Form 20-F
- 4/9/24 - Form 6-K
- 3/12/24 - Form 6-K
- KXIN's page on the SEC website