---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008699"
form_type: "8-K"
ticker: null
cik: "0001300734"
company_name: "SHINECO, INC."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T17:39:45.725095+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shineco receives Nasdaq deficiency notice for bid price below $1.00 per share over 30 days

## Summary
- Notice received March 20, 2023; stock SISI has 180 days (until Sept 18, 2023) to regain compliance.
- Must have closing bid price ≥ $1.00 for at least 10 consecutive business days within the period.
- If not cured, may qualify for additional 180-day period if meeting other listing standards.
- Failure could lead to delisting; company evaluating options including reverse stock split.
- Company intends to monitor bid price but cannot assure compliance.

## SEC filing metadata
- accession: 0001493152-23-008699
- form_type: 8-K
- cik: 0001300734
- company_name: SHINECO, INC.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300734/000149315223008699/0001493152-23-008699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300734/000149315223008699/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008699
- JSON: https://secwatch.observer/filing/0001493152-23-008699.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008699.txt

## Key facts
- Listing & Compliance Notices
  SHINECO, INC. 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)
  source text: March 20, 2023, Shineco, Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). The Notice has no immediate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300734/000149315223008699/0001493152-23-008699-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.