XChange TECINC (XHG) has released an update.
XChange TEC.INC has received approval from the Nasdaq Hearings Panel to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market, with an additional extension to meet compliance requirements through August 31, 2024. The company must demonstrate a minimum closing bid price of $1.00 per share for ten consecutive trading sessions by August 14, 2024, to maintain its listing. This follows previous notices of non-compliance regarding total assets, revenue, and minimum bid price requirements.
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