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SRIVARU Holding ( (SVMH) ) just unveiled an update.
SRIVARU Holding Limited announced on January 21, 2025, that it received a delisting notice from Nasdaq due to non-compliance with the minimum $1.00 bid price rule, following an unsuccessful reverse share split adjustment. The company has appealed the decision, citing extenuating circumstances such as the impact of warrant holders’ actions on share prices, and is working towards resolving the bid price issue by engaging with these holders. The suspension of trading on Nasdaq is set for January 22, 2025, pending the appeal’s outcome.
More about SRIVARU Holding
SRIVARU Holding Limited is a Cayman Islands-based parent company of SRIVARU Motor Private Ltd., specializing in the design and manufacturing of premium electric motorcycles in India. The company focuses on providing innovative, sustainable mobility solutions with advanced safety features and a superior total cost of ownership compared to traditional motorcycles. SRIVARU aims to redefine future mobility with its intellectual property and manufacturing capabilities.
YTD Price Performance: -65.24%
Average Trading Volume: 3,794,333
Technical Sentiment Consensus Rating: Buy
For detailed information about SVMH stock, go to TipRanks’ Stock Analysis page.
