Senmiao Technology Ltd (AIHS): Nasdaq/NYSE listing notice — Senmiao Technology granted additional 180 days to meet Nasdaq minimum bid price rule

Senmiao Technology Ltd

Received Nasdaq deficiency notice for non-compliance with $1 minimum bid price; granted extension until June 10, 2024.
Must have closing bid price at least $1 per share for 10 consecutive business days to regain compliance.
Company may effect a reverse stock split if necessary to cure the bid price deficiency.
If compliance not achieved by June 10, 2024, Nasdaq will delist; company may appeal to a Hearings Panel.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Senmiao Technology Ltd received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 13, 2023, the Company received another notice from Nasdaq indicating that the Company is eligible for an additional 180-day period, or until June 10, 2024, to regain compliance. Such determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if nec

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Source: SEC EDGAR

accession 0001104659-23-126025

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