Senmiao receives Nasdaq delisting notice for bid price & MVLS noncompliance

Senmiao Technology Ltd

Nasdaq notified on Feb 15, 2022 that Senmiao failed to regain compliance with $1.00 minimum bid price rule.
Market value of listed securities was $18.9M, below $50M minimum for extended compliance period.
Trading suspension set for Feb 24, 2022 unless appeal is granted; Company requested hearing on Feb 17.
Company will submit a plan to regain compliance to the Nasdaq Hearing Panel.

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