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

Reuters08-02

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.

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.

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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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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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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. The notice currently has no immediate impact on the stock's Nasdaq listing.\n      \n\nDisclaimer: 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. 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