Welcome to our dedicated page for Kaixin Holdings news (Ticker: KXIN), a resource for investors and traders seeking the latest updates and insights on Kaixin Holdings stock.
Kaixin Holdings (KXIN) delivers innovative solutions at the intersection of luxury auto retail and next-generation electric vehicle production. This news hub provides investors and industry observers with essential updates on corporate developments, technological advancements, and market strategies.
Access real-time announcements including quarterly earnings disclosures, manufacturing milestones in autonomous driving systems, and strategic partnerships within the sustainable mobility sector. Our curated collection features press releases about new energy vehicle launches, operational expansions, and leadership updates that shape KXIN's position in global markets.
Key focus areas include breakthroughs in AI-powered automotive technologies, regulatory compliance achievements, and cross-border collaborations impacting both luxury car sales channels and EV production capabilities. Subscribers receive alerts about material events affecting the company's dual business model spanning high-end retail and advanced manufacturing.
Bookmark this page for streamlined access to Kaixin Holdings' official communications, supplemented by contextual analysis of industry trends influencing the electric passenger vehicle market and premium automotive services.
Kaixin Holdings (NASDAQ: KXIN) has received a delisting determination from Nasdaq due to non-compliance with the minimum bid price requirement. The company's stock closed below $0.10 for ten consecutive trading days, violating Nasdaq Listing Rule 5810(c)(3)(A)(iii). Kaixin has appealed the decision and requested a hearing scheduled for October 3, 2024. The appeal has temporarily stayed the delisting process.
To regain compliance, Kaixin is considering options including a reverse stock split, which shareholders will vote on at an extraordinary general meeting on October 1, 2024. The company had previously been granted extensions until January 27, 2025 to meet the $1 minimum bid price requirement. Kaixin operates as a new energy vehicle manufacturer and sales platform in China.
Kaixin Holdings (NASDAQ: KXIN), a leading new energy vehicle manufacturer in China, has announced its upcoming Extraordinary General Meeting (EGM) of shareholders. The EGM is scheduled for October 1, 2024, at 10:00 a.m. (Beijing time) in Hangzhou, China. The meeting aims to consider and approve resolutions outlined in the Company's Notice of Extraordinary General Meeting and Proxy.
Shareholders of record as of August 13, 2024 (Beijing time) are eligible to attend and vote at the EGM. Kaixin has also filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC, which is accessible on both the SEC's website and Kaixin's investor relations page.
Kaixin Holdings (NASDAQ: KXIN) announced receiving a Nasdaq Letter on July 31, 2024, regarding non-compliance with the minimum bid price requirement. Nasdaq has granted Kaixin an additional 180 calendar days, until January 27, 2025, to regain compliance by maintaining a closing bid price of at least $1 per share for a minimum of 10 consecutive business days. If compliance is not achieved by the deadline, Kaixin may face delisting, with the option to appeal to a Hearings Panel.
Kaixin Holdings is a leading new energy vehicle manufacturer in China, focusing on electric passenger and logistics vehicles. The company aims to build a competitive international market position and contribute to achieving carbon neutrality goals.
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