RegulatoryMay 22, 2026, 04:22 PM
QUHUO Ltd Granted Continued Nasdaq Listing with Conditions
AI Summary
QUHUO Ltd announced that the Nasdaq Hearings Panel granted its request for continued listing on Nasdaq, following a previous suspension of trading due to a low bid price. The decision, received on May 18, 2026, is subject to several conditions, including transferring its listing to The Nasdaq Capital Market and committing to no external financing for one year. The company had previously effected a 1-for-30 reverse stock split on April 27, 2026, and regained bid price compliance by May 13, 2026. Trading in the company's ADSs may resume after satisfying the conditions, but QUHUO will be under a one-year discretionary panel monitor.
Key Highlights
- Nasdaq suspended QUHUO ADSs trading on April 6, 2026, due to bid price below $0.10 for ten days.
- Nasdaq Hearings Panel granted continued listing on May 18, 2026, subject to conditions.
- Company must file to transfer listing to The Nasdaq Capital Market by May 26, 2026.
- Company committed not to conduct external financing for one year, to be disclosed by May 26, 2026.
- No issuance of ADSs or common stock in external financings through September 23, 2026.
- Effected a 1-for-30 reverse stock split on April 27, 2026.
- Regained bid price compliance by May 13, 2026, with price above $1.00 for 13 consecutive days.
- Filed application to transfer to Nasdaq Capital Market on May 22, 2026.
- Subject to a one-year discretionary panel monitor ending May 13, 2027.
Price Impact
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