Kaixin Holdings Receives Nasdaq Delisting Notice For Non-Compliance Due To Securities Trading Below $0.10 For Ten Consecutive Days
Portfolio Pulse from Benzinga Newsdesk
Kaixin Holdings has received a delisting notice from Nasdaq due to its securities trading below $0.10 for ten consecutive days. Nasdaq staff plans to delist the company from the Nasdaq Capital Market.
August 22, 2024 | 8:05 pm
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Kaixin Holdings is at risk of being delisted from Nasdaq due to its stock price falling below $0.10 for ten consecutive days. This regulatory action could significantly impact the company's stock price and investor confidence.
The delisting notice from Nasdaq is a critical regulatory issue for Kaixin Holdings, as it indicates non-compliance with listing requirements. This is likely to negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100