regulatory
confidence high
sentiment negative
materiality 0.70
Senmiao receives Nasdaq extension to April 30; must complete 1-for-10 reverse split by April 6
Senmiao Technology Ltd
- Nasdaq Panel granted listing extension until April 30, 2022 to regain $1.00 minimum bid price compliance.
- Condition: 1-for-10 reverse stock split must be effective by April 6, 2022.
- Company seeking consents from November 2021 private placement investors to authorize reverse split.
- Failure to meet conditions by deadlines could result in delisting from Nasdaq.