Senmiao Technology receives Nasdaq deficiency notice for failing MVLS requirement

Senmiao Technology Ltd

Received Nasdaq deficiency letter on Jan 12, 2022, for MVLS below $35M minimum.
Also not in compliance with Listing Rules 5550(b)(1) and 5550(b)(3).
Has 180 calendar days, until July 11, 2022, to regain compliance.
Must maintain MVLS >= $35M for 10 consecutive business days to cure.
Failure to regain compliance may result in delisting from Nasdaq.

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