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6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

6-K：外国发行人报告
美股SEC公告 ·  2024/11/13 17:22

Moomoo AI 已提取核心信息

XChange TEC.INC announced on November 12, 2024, that it received a deficiency notice from Nasdaq dated November 8, due to non-compliance with the $1 minimum bid price requirement for continued listing. The company's ADSs failed to meet this requirement for 30 consecutive business days.Unlike standard cases where companies receive 180 days to regain compliance, XChange TEC is ineligible for this grace period due to executing multiple reverse stock splits with a cumulative ratio of 250:1 or more over the past two years. The company plans to request a hearing before the Nasdaq Hearings Panel, which will automatically stay any suspension pending the panel's decision.XChange TEC operates as an insurance agency and insurance technology business in China, offering various insurance products through major insurers and developing SaaS platforms for consumer connection and underwriting support.
XChange TEC.INC announced on November 12, 2024, that it received a deficiency notice from Nasdaq dated November 8, due to non-compliance with the $1 minimum bid price requirement for continued listing. The company's ADSs failed to meet this requirement for 30 consecutive business days.Unlike standard cases where companies receive 180 days to regain compliance, XChange TEC is ineligible for this grace period due to executing multiple reverse stock splits with a cumulative ratio of 250:1 or more over the past two years. The company plans to request a hearing before the Nasdaq Hearings Panel, which will automatically stay any suspension pending the panel's decision.XChange TEC operates as an insurance agency and insurance technology business in China, offering various insurance products through major insurers and developing SaaS platforms for consumer connection and underwriting support.
XChange TEC.INC于2024年11月12日宣布，因未能遵守纳斯达克规定的$1最低买盘价格要求而收到纳斯达克于11月8日发出的缺陷通知。该公司的ADS连续30个交易日未满足此要求。与公司获得180天的时间恢复合规性的标准案例不同，XChange TEC因在过去两年中实施多个拆股并股，总比例达到250:1或以上，而不符合此宽限期的资格。该公司计划请求召开纳斯达克听证会，这将自动暂停任何悬挂，直至听证会小组做出决定。XChange TEC在中国作为一家保险代理机构和保险科技业务运营，通过主要保险公司提供各种保险产品，并开发用于消费连接和承保压力位的SaaS-云计算平台。
XChange TEC.INC于2024年11月12日宣布，因未能遵守纳斯达克规定的$1最低买盘价格要求而收到纳斯达克于11月8日发出的缺陷通知。该公司的ADS连续30个交易日未满足此要求。与公司获得180天的时间恢复合规性的标准案例不同，XChange TEC因在过去两年中实施多个拆股并股，总比例达到250:1或以上，而不符合此宽限期的资格。该公司计划请求召开纳斯达克听证会，这将自动暂停任何悬挂，直至听证会小组做出决定。XChange TEC在中国作为一家保险代理机构和保险科技业务运营，通过主要保险公司提供各种保险产品，并开发用于消费连接和承保压力位的SaaS-云计算平台。
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