DelistingJul 24, 2026, 01:32 PM
Haoxin Holdings Gets Nasdaq Extension Until Dec 14, 2026 to Regain Compliance
AI Summary
Haoxin Holdings Ltd received an additional 180-day extension from Nasdaq, until December 14, 2026, to regain compliance with the minimum bid price requirement of $1.00 per share. The company's Class A Ordinary Shares have traded below this threshold since October 30, 2025, and it may consider a reverse stock split to cure the deficiency. Separately, Mr. Ro Phansalkar and Ms. Mengzhi Wang were appointed as independent directors.
Key Highlights
- Nasdaq granted Haoxin Holdings an additional 180-day extension.
- New deadline to regain $1.00 minimum bid price compliance is December 14, 2026.
- Company's stock price has been below $1.00 since October 30, 2025.
- Haoxin Holdings may consider a reverse stock split to meet compliance.
- Mr. Ro Phansalkar appointed as an independent director.
- Ms. Mengzhi Wang appointed as an independent director.
Price Impact
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