Haoxin Holdings Ltd

Haoxin Holdings Ltd received an additional 180-day extension from Nasdaq, until December 14, 2026, to regain compliance with the minimum bid price requirement of $1.00 per share. The company's Class A Ordinary Shares have traded below this threshold since October 30, 2025, and it may consider a reverse stock split to cure the deficiency. Separately, Mr. Ro Phansalkar and Ms. Mengzhi Wang were appointed as independent directors.

Haoxin Holdings Ltd. entered into several material agreements with an investor on June 2, 2026, to secure financing. This includes a Note Purchase Agreement for two senior convertible promissory notes with an aggregate original principal amount of $1,200,000, purchased for $1,000,000. Additionally, the company secured an Equity Line of Credit Agreement for up to $30,000,000 for the purchase of Class A Ordinary Shares. As part of the ELOC, the company also issued a warrant to the investor to purchase 2,368,421 Class A Ordinary Shares at an exercise price of $0.456. A Registration Rights Agreement was also signed to facilitate the resale of these securities.