Senmiao Technology Ltd (AIHS): Nasdaq/NYSE listing notice — Senmiao Technology receives Nasdaq deficiency notice for bid price below $1

Senmiao Technology Ltd

Received Nasdaq notice on June 15, 2023 for failing minimum bid price of $1 over 30 consecutive business days.
Provided 180-day compliance period until December 12, 2023 to regain compliance by closing bid price >= $1 for 10 consecutive days.
If not compliant by Dec 12, may be eligible for additional 180-day period meeting other listing requirements.
Company intends to monitor bid price and consider options such as reverse stock split if needed.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 1.0

Senmiao Technology Ltd received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

June 15, 2023, Senmiao Technology Limited (the “Company”) received a deficiency notice from The Nasdaq Stock Market (“Nasdaq”) informing the Company that its common stock, par value $0.0001 per share (the “Common Stock”), fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Common Stock for the 30 consecutive business days prior to the date of the notice from Nasdaq. Nasdaq’s notice has no immediate effect on the listing of the Common Stock on The Nasdaq Capital Mar

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Senmiao Technology Ltd filing history →

Source: SEC EDGAR

accession 0001104659-23-072888

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