---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017251"
form_type: "8-K"
ticker: null
cik: "0001300734"
company_name: "SHINECO, INC."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:10:14.085864+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shineco receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period until Oct 23, 2024

## Summary
- Received Nasdaq deficiency notice on April 26, 2024 for failing to maintain minimum $1.00 bid price over 30 consecutive business days.
- Has 180 calendar days (until October 23, 2024) to regain compliance; must close at $1.00+ for 10 consecutive business days.
- If initial period not met, may qualify for additional 180-day period if meeting other listing standards and notifying Nasdaq.
- Failure to cure could lead to delisting; company intends to monitor bid price and evaluate options including reverse stock split.

## SEC filing metadata
- accession: 0001493152-24-017251
- form_type: 8-K
- cik: 0001300734
- company_name: SHINECO, INC.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300734/000149315224017251/0001493152-24-017251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300734/000149315224017251/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017251
- JSON: https://secwatch.observer/filing/0001493152-24-017251.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017251.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: April 26, 2024, 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 (the “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 immedi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300734/000149315224017251/0001493152-24-017251-index.htm

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