RegulatoryJun 30, 2026, 04:07 PM
XCHG Receives Nasdaq Minimum Bid Price Non-Compliance Notice
AI Summary
XCHG Limited announced it received a 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 maintaining a closing bid price of $1.00 or more for at least 10 consecutive business days. The notice does not immediately impact the listing of its ADSs, but failure to comply could lead to delisting.
Key Highlights
- Received Nasdaq notice on June 24, 2026, regarding minimum bid price non-compliance.
- Closing bid price of ADSs was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until December 21, 2026, to regain compliance.
- Must achieve a closing bid price of $1.00 or more for a minimum of 10 consecutive business days.
- Non-compliance does not immediately affect listing or business operations.
- May be afforded a second 180-calendar-day compliance period if certain conditions are met.
- Failure to regain compliance could result in delisting of ADSs from Nasdaq.
Price Impact
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