RegulatoryOct 16, 2026, 04:31 PM
LexinFintech Receives Nasdaq Bid Price Non-Compliance Notice
AI Summary
LexinFintech Holdings Ltd. announced it received a non-compliance notice from Nasdaq regarding the minimum bid price requirement of $1.00 per share. The company has 180 days, until April 12, 2027, to regain compliance. LexinFintech is exploring options to meet the requirement, and the notice does not currently impact its business operations or stock trading.
Key Highlights
- LexinFintech received a notice from Nasdaq for non-compliance with the $1.00 minimum bid price requirement.
- The company has until April 12, 2027, to regain compliance by maintaining a bid price of $1.00 or more for at least ten consecutive business days.
- LexinFintech is evaluating options to regain compliance, including a potential adjustment of its ADS to ordinary share ratio.
- The notice has no immediate effect on the listing or trading of LexinFintech's American Depositary Shares (ADSs) on the Nasdaq Global Select Market.
- The company's business operations and SEC reporting requirements remain unaffected by this notice.
Price Impact
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