DelistingJun 30, 2026, 04:06 PM
XCHG Ltd Receives Nasdaq Delisting Warning for Bid Price Non-Compliance
AI Summary
XCHG Ltd announced it received a written notice from Nasdaq on June 24, 2026, indicating non-compliance with the minimum bid price requirement. The company's American Depositary Shares (ADSs) traded below $1.00 for 30 consecutive business days. XCHG has 180 calendar days, until December 21, 2026, to regain compliance by having its closing bid price meet or exceed $1.00 for at least 10 consecutive business days. The notice does not immediately affect the listing or the company's business operations, and XCHG intends to monitor its stock price and consider options to regain compliance.
Key Highlights
- Received Nasdaq notice on June 24, 2026, for minimum bid price non-compliance.
- Closing bid price below $1.00 per ADS for 30 consecutive business days.
- Has 180 calendar days, until December 21, 2026, to regain compliance.
- Must achieve $1.00+ closing bid price for 10 consecutive business days.
- Notice has no immediate effect on listing, operations, or reporting requirements.
- Company may be afforded a second 180-calendar-day compliance period.
Price Impact
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