Senmiao Technology Ltd. Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance

Reuters

2025/08/02

Senmiao Technology Ltd. Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance

Senmiao Technology Ltd. has received a deficiency notice from The Nasdaq Stock Market regarding its failure to meet the $1 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company was informed that its common stock did not meet this requirement over a 30-day period. In response, Senmiao Technology implemented a 1:10 reverse stock split on July 29, 2025. The company has until January 26, 2026, to regain compliance by ensuring its stock closes at or above $1 per share for at least ten consecutive business days. If unsuccessful, Senmiao may qualify for an additional 180-day compliance period, provided it meets certain criteria. Failure to comply could lead to delisting, although an appeal process exists. The notice currently has no immediate impact on the stock's Nasdaq listing.

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. Senmiao Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-070602), on August 01, 2025, and is solely responsible for the information contained therein.

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Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Senmiao Technology Ltd. Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Senmiao Technology Ltd. has received a deficiency notice from The Nasdaq Stock Market regarding its failure to meet the $1 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company was informed that its common stock did not meet this requirement over a 30-day period. In response, Senmiao Technology implemented a 1:10 reverse stock split on July 29, 2025. The company has until January 26, 2026, to regain compliance by ensuring its stock closes at or above $1 per share for at least ten consecutive business days. If unsuccessful, Senmiao may qualify for an additional 180-day compliance period, provided it meets certain criteria. Failure to comply could lead to delisting, although an appeal process exists. The notice currently has no immediate impact on the stock's Nasdaq listing.\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. 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Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-02 04:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Senmiao Technology Ltd. Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Senmiao Technology Ltd. has received a deficiency notice from The Nasdaq Stock Market regarding its failure to meet the $1 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company was informed that its common stock did not meet this requirement over a 30-day period. In response, Senmiao Technology implemented a 1:10 reverse stock split on July 29, 2025. The company has until January 26, 2026, to regain compliance by ensuring its stock closes at or above $1 per share for at least ten consecutive business days. If unsuccessful, Senmiao may qualify for an additional 180-day compliance period, provided it meets certain criteria. Failure to comply could lead to delisting, although an appeal process exists. 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ID: 0001213900-25-070602), on August 01, 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":"BK4166","symbol_name":"消费信贷","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250801:nNDL9cl2q3:1","article_id":"2556845696","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556845696","pubTimestamp":1754078778,"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":"Senmiao Technology Ltd. has received a deficiency notice from The Nasdaq Stock Market regarding its failure to meet the $1 minimum bid price requirement for continued listing on The Nasdaq Capital Market. 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Faces Nasdaq Delisting Risk Due to Minimum Bid Price Non-Compliance\n    \n\n        Senmiao Technology Ltd. has received a deficiency notice from The Nasdaq Stock Market regarding its failure to meet the $1 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company was informed that its common stock did not meet this requirement over a 30-day period. In response, Senmiao Technology implemented a 1:10 reverse stock split on July 29, 2025. The company has until January 26, 2026, to regain compliance by ensuring its stock closes at or above $1 per share for at least ten consecutive business days. If unsuccessful, Senmiao may qualify for an additional 180-day compliance period, provided it meets certain criteria. Failure to comply could lead to delisting, although an appeal process exists. 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