RegulatoryMay 22, 2026, 06:01 AM
Lixiang Education Regains Nasdaq Compliance with Minimum Bid Price
AI Summary
Lixiang Education Holding Co., Ltd. announced it has regained compliance with Nasdaq's minimum bid price requirement. The company received a letter from Nasdaq confirming that its American Depositary Shares maintained a closing bid price of $1.00 or greater for 10 consecutive business days, from May 7 to May 20, 2026. This resolves the non-compliance notice issued on November 18, 2025, which had given the company 180 days to meet the $1.00 minimum bid price rule, a goal aided by a 1-for-10 reverse stock split effective April 20, 2026.
Key Highlights
- Lixiang Education regained compliance with Nasdaq Listing Rule 5450(a)(1).
- The company's American Depositary Shares maintained a closing bid price of $1.00 or greater for 10 consecutive business days.
- The compliance period was from May 7, 2026, to May 20, 2026.
- Nasdaq had previously notified the company of non-compliance on November 18, 2025.
- The company was given 180 calendar days, until May 18, 2026, to regain compliance.
- A 1-for-10 reverse stock split was effected on April 20, 2026.
Price Impact