Lixiang Education Holding Receives Nasdaq Notice For Non-Compliance With Minimum $5M Market Value Rule For Publicly Held Shares
Portfolio Pulse from Benzinga Newsdesk
Lixiang Education Holding has received a notice from Nasdaq for non-compliance with the minimum $5 million market value rule for publicly held shares. This could lead to potential delisting if the issue is not resolved.
September 04, 2024 | 8:26 pm
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Lixiang Education Holding has been notified by Nasdaq for failing to comply with the minimum $5 million market value rule for publicly held shares. This non-compliance could result in delisting if not addressed.
The notice from Nasdaq indicates a significant regulatory issue for LXEH, as non-compliance with market value requirements can lead to delisting. This creates uncertainty and potential negative sentiment among investors, likely impacting the stock price negatively in the short term.
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