Kaixin Auto Holdings (KXIN) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Kaixin Auto Holdings has been granted a temporary exception by the Nasdaq Hearings Panel to meet compliance requirements by December 13, 2024, including a reverse stock split aimed at maintaining the minimum bid price rule. The company must achieve a closing bid price of $1 or more for ten consecutive trading sessions to avoid delisting. An extraordinary general meeting is planned for October 1, 2024, to seek shareholder approval for the reverse stock split.
For further insights into KXIN stock, check out TipRanks’ Stock Analysis page.
