Kaixin Auto Holdings (KXIN) has released an update.
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Kaixin Auto Holdings, a prominent Chinese new energy vehicle manufacturer, is facing delisting from the Nasdaq after failing to meet the minimum bid price requirement. The company’s stock price remained below $0.10 for ten consecutive trading days, violating Nasdaq’s Listing Rule. Kaixin has appealed against the delisting and is considering a reverse stock split among other options to regain compliance.
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