By Chris Wack
Kaixin Auto Holdings shares were down 13%, to $1.75, after the company received a notification letter from the Listing Qualifications department of the Nasdaq Stock Market saying it has regained trading compliance.
The stock hit its 52-week low of $1.70 earlier in the session, and is down 86% in the past 12 months.
The company said the letter notified it that the Nasdaq Staff has determined that for the last 10 consecutive business days, from Sept. 15 through Sept. 28, the closing bid price of the company’s ordinary shares has been at $1.00 a share or greater.
Write to Chris Wack at [email protected]
Read the full article here
