Kaixin holdings announces receipt of nasdaq delisting determination and submission of appeal

Hangzhou, china, aug. 22, 2024 (globe newswire) -- kaixin holdings (“kaixin” or the “company”) (nasdaq: kxin), a leading new energy vehicle manufacturer and sales platform in china, today announced that it received a letter from the nasdaq stock market llc (“nasdaq”) dated august 19, 2024, indicating that the company was not in compliance with nasdaq listing rule 5810(c)(3)(a)(iii), as the company's securities had a closing bid price of $0.10 or less for ten consecutive trading days (the “letter”). the letter indicated that, as a result, the nasdaq staff has determined to delist the company's securities from the nasdaq capital market (the “delisting determination”).
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