Quhuo Ltd. (QH) has released an update.
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Quhuo Ltd., a prominent gig economy platform in China, has received notification of non-compliance from Nasdaq due to its stock’s bid price falling below the required minimum and its market value of publicly held shares not meeting the exchange’s standards. The company has until November 6, 2024, to regain compliance, with options like a reverse stock split under consideration. Despite the listing issues, Quhuo’s operations and SEC reporting requirements remain unaffected.
For further insights into QH stock, check out TipRanks’ Stock Analysis page.
