AIxCrypto Holdings, Inc. (AIXC): Nasdaq/NYSE listing notice — Nasdaq cites AIxCrypto for failure to get shareholder nod on PIPE; now compliant but monitored
AIxCrypto Holdings, Inc.
PIPE financing closed Sept 29, 2025 raised $41M; sold 337,432 common shares at $2.246 and 17,783 Series B preferred at $1,000/share.
Nasdaq Staff determined change of control occurred with new board and officer appointments, including Jiawei Wang (Co-CEO) and Koti Meka (CFO), both from Faraday Future.
Company subsequently obtained majority shareholder approval and Nasdaq confirmed compliance with Listing Rule 5635(b); matter closed.
Nov 19 notice confirms compliance with Equity Rule 5550(b)(1) but imposes a 1-year Panel Monitor; failure triggers a hearing requirement.
Company disputes that one board appointment was connected to the offering.
AIxCrypto Holdings, Inc. received a nasdaq noncompliance notice notice regarding other (rules 5635(b)).
Exchange
nasdaq
Notice
noncompliance notice
Rules
5635(b)
Exact text from the filing
November 18, 2025, the Company received a letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it failed to comply with Nasdaq’s shareholder approval requirements set forth in Nasdaq Listing Rule 5635(b) (the “Rule”), which requires shareholder approval prior to the issuance of securities when the issuance or potential issuance will result in a change of control of the Company, in connection with the Company’s private placement transaction (the “PIPE Financing”) that closed on September 29. 2025 (the
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