LexinFintech Falls Short of Nasdaq Minimum Bid Price Requirement
Bitget2026/10/16 20:30- LexinFintech received a Nasdaq deficiency notice on October 14, 2026, for failing to meet the $1 minimum bid price requirement.
- The company has 180 calendar days, until April 12, 2027, to regain compliance or risk delisting; an extension may be available.
- Compliance requires American Depositary Shares (ADSs) to close at $1 or higher for at least 10 consecutive business days, subject to Nasdaq discretion.
- Management is considering adjusting the ratio of ADSs to Class A ordinary shares to regain compliance.
- ADSs continue trading on the Nasdaq Global Select Market; the notice has no immediate effect on business operations or SEC reporting requirements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PIEVERSE surged, up 7.91% in 24 hours
Anthropic spends $3.4 billion to purchase gas-fired power equipment to supply electricity for data centers
In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.
Why Nintendo Stock Is One to Watch Ahead of the Holiday Season
Crypto prices
More
