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.
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