RegulatoryAug 7, 2026, 04:33 PM
Xiao-I Corp Receives Nasdaq Non-Compliance Notice for MVPHS
AI Summary
Xiao-I Corp announced it received a notification from Nasdaq on August 6, 2026, indicating non-compliance with the minimum market value of publicly held shares (MVPHS) requirement. The company's MVPHS fell below the US$15,000,000 threshold for 30 consecutive business days. Nasdaq has provided a 180-calendar day period, until February 1, 2027, to regain compliance, which requires the MVPHS to close at or above US$15,000,000 for at least ten consecutive business days. The notice does not immediately affect the trading of its ADSs, and the company plans to monitor its MVPHS and explore options.
Key Highlights
- Xiao-I Corp received a Nasdaq notification on August 6, 2026, regarding non-compliance with listing rules.
- The company failed to meet the minimum market value of publicly held shares (MVPHS) requirement of US$15,000,000.
- MVPHS was below US$15,000,000 for 30 consecutive business days from June 23, 2026, to August 4, 2026.
- Nasdaq granted a 180-calendar day compliance period until February 1, 2027.
- To regain compliance, MVPHS must close at US$15,000,000 or more for 10 consecutive business days.
- The notification has no immediate effect on the listing or trading of the company's ADSs.
- The company intends to monitor its MVPHS and evaluate options to regain compliance.
Price Impact
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