Ten Holdings Inc. Faces Nasdaq Non-Compliance Over Stock Price and Board Composition Issues

Reuters

2025/07/03

Ten Holdings Inc. Faces Nasdaq Non-Compliance Over Stock Price and Board Composition Issues

Ten Holdings Inc. has announced that it received two deficiency letters from The Nasdaq Stock Market LLC regarding its compliance with listing rules. The first letter, received on June 30, 2025, indicates that the company's common stock has closed below the minimum bid price of $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The second letter highlights non-compliance with Nasdaq Listing Rule 5605 due to the resignation of independent directors David Price and Justin Sherrock. The company has until December 29, 2025, to regain compliance with the bid price rule, potentially by implementing a reverse stock split. If they fail to meet the deadline, they may be granted an additional 180-day period to comply, provided other listing requirements are met. If compliance is not achieved, the company's stock may face delisting, subject to a potential appeal to a Nasdaq Hearings Panel.

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. Ten Holdings Inc. 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: 0001641172-25-017559), on July 02, 2025, and is solely responsible for the information contained therein.

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ID: 0001641172-25-017559), on July 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XHLD","symbol_name":"TEN Holdings, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250702:nNDL4Gjv9:1","article_id":"2548817274","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548817274","pubTimestamp":1751487071,"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":"Ten Holdings Inc. has announced that it received two deficiency letters from The Nasdaq Stock Market LLC regarding its compliance with listing rules. 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