Kaixin Holdings Receives Nasdaq Notification For Non-Compliance With $1 Minimum Bid Price; Granted 180-Day Extension Until January 27, 2025, To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Kaixin Holdings has received a notification from Nasdaq for non-compliance with the $1 minimum bid price requirement. The company has been granted a 180-day extension until January 27, 2025, to regain compliance.
July 31, 2024 | 8:36 pm
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Kaixin Holdings has been notified by Nasdaq for not meeting the $1 minimum bid price requirement. The company has been given a 180-day extension to regain compliance.
The notification from Nasdaq indicates that Kaixin Holdings is currently not meeting the minimum bid price requirement, which could negatively impact investor sentiment. However, the 180-day extension provides the company with additional time to address this issue.
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