XChange TEC.INC (XHG) said Thursday that the Nasdaq Stock Market's Hearing Panel has granted the company's request to transfer its listing to the Nasdaq Capital Market from the Nasdaq Global Market.
The company said Nasdaq also granted it an extension to remain listed on the Nasdaq Capital Market through Aug. 31 as long as it demonstrates compliance with the minimum closing bid price requirement of $1 or more per share for at least 10 consecutive trading sessions by Aug. 14.
Shares of the company rose more than 5% in recent premarket activity.
Price: 1.14, Change: +0.06, Percent Change: +5.56
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments