XChange TECINC (XHG) has released an update.
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XChange TEC.INC has received a notice from Nasdaq indicating non-compliance with the $1 minimum bid price requirement for continued listing. Due to previous reverse stock splits, the company is not eligible for a compliance period and plans to request a hearing to avoid suspension of its shares. This development highlights the challenges faced by companies in maintaining market listing standards.
For further insights into XHG stock, check out TipRanks’ Stock Analysis page.
