Kaixin Holdings Granted Nasdaq Extension to Regain Compliance, Plans Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Kaixin Holdings (NASDAQ:KXIN) has been granted a temporary exception by Nasdaq to regain compliance with the Bid Price Rule by December 13, 2024. The company plans a reverse stock split to meet the requirements.
September 13, 2024 | 11:06 am
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Kaixin Holdings has been granted a temporary exception by Nasdaq to regain compliance with the Bid Price Rule by December 13, 2024. The company plans a reverse stock split to meet the requirements.
Kaixin Holdings has been given a chance to avoid delisting by planning a reverse stock split, which is a positive step towards compliance. This could lead to a short-term increase in stock price as the company works to meet Nasdaq's requirements.
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