XChange TEC.INC Receives Nasdaq Delisting Determination, Plans to Appeal by May 20, 2025

Reuters

05-16

XChange TEC.INC Receives Nasdaq Delisting Determination, Plans to Appeal by May 20, 2025

XChange TEC.INC $(XHG)$ announced that it received a delisting determination from Nasdaq due to non-compliance with the market value requirement. The company has not met the minimum market value of $35 million needed for continued listing. Although this determination could lead to the delisting of its American Depositary Shares from Nasdaq, XChange TEC.INC plans to appeal the decision to a Hearings Panel by May 20, 2025. This appeal will temporarily halt any further delisting actions until a decision is reached. The company is actively working to address the compliance issues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XChange Tec.Inc published the original content used to generate this news brief via PR Newswire (Ref. ID: CN89274) on May 15, 2025, and is solely responsible for the information contained therein.

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The company has not met the minimum market value of $35 million needed for continued listing. Although this determination could lead to the delisting of its American Depositary Shares from Nasdaq, XChange TEC.INC plans to appeal the decision to a Hearings Panel by May 20, 2025. This appeal will temporarily halt any further delisting actions until a decision is reached. The company is actively working to address the compliance issues.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XChange Tec.Inc published the original content used to generate this news brief via PR Newswire (Ref. ID: CN89274) on May 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4233","symbol_name":"房地产运营公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250515:nNDLbDZ4sT:1","article_id":"2535060858","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535060858","pubTimestamp":1747346419,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"XChange TEC.INC  announced that it received a delisting determination from Nasdaq due to non-compliance with the market value requirement. The company has not met the minimum market value of $35 million needed for continued listing. Although this determination could lead to the delisting of its American Depositary Shares from Nasdaq, XChange TEC.INC plans to appeal the decision to a Hearings Panel by May 20, 2025. This appeal will temporarily halt any further delisting actions until a decision is reached. The company is actively working to address the compliance issues.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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