Senmiao Technology regains Nasdaq compliance with bid price rule; one-year monitor imposed

Senmiao Technology Ltd

Received Nasdaq compliance notice on May 5, 2022, confirming regained minimum bid price of $1.00 per share.
Company had faced delisting since Feb 15, 2022, but successfully appealed to the Hearings Panel.
Nasdaq imposes a one-year Panel Monitor through May 5, 2023 to oversee continued listing compliance.
If bid price falls below $1.00 for 30 consecutive days or other rules violated, delisting process will resume.

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