Welcome to our dedicated page for Lixiang Education Holding Co . news (Ticker: LXEH), a resource for investors and traders seeking the latest updates and insights on Lixiang Education Holding Co . stock.
Lixiang Education Holding Co Ltd (LXEH) operates private K-12 schools in Lishui, Zhejiang Province, delivering structured curricula from primary through high school education. This news hub provides investors and stakeholders with essential updates on the company's operational developments and market position within China's evolving private education sector.
Comprehensive Coverage: Access official press releases, financial disclosures, and strategic announcements including academic program expansions, partnership agreements, and regulatory compliance updates. Our curated collection enables efficient tracking of LXEH's performance in Zhejiang's competitive education market.
Strategic Insights: Monitor updates on enrollment trends, campus developments, and educational service innovations. All content is verified from primary sources to ensure accurate representation of the company's activities in primary, middle, and high school education services.
Stay Informed: Bookmark this page for real-time updates on LXEH's academic initiatives and operational milestones. Regularly updated to reflect the company's ongoing commitment to quality education in Eastern China's private school sector.
Lixiang Education (NASDAQ: LXEH) has successfully regained compliance with Nasdaq's minimum market value requirement for publicly held shares (MVPHS). The company, which had previously failed to maintain the required MVPHS of $5,000,000 as of August 29, 2024, has now demonstrated compliance for 16 consecutive business days from February 4 to February 25, 2025.
The company had been given a 180-day compliance period until February 25, 2025, to meet the requirement under Nasdaq Global Market Listing Rule 5450(b)(1)(C). Following this achievement, Nasdaq's Listing Qualification Department has confirmed that the matter is now closed.
Lixiang Education Holding Co., (NASDAQ: LXEH), a private education service provider in China, has regained compliance with Nasdaq's minimum bid price requirement. The company received a letter from Nasdaq on October 14, 2024, confirming that for 10 consecutive business days from September 30 to October 11, 2024, the closing bid price of its American Depositary Shares was $1.00 or higher.
This development resolves the compliance issue raised on May 7, 2024, when Nasdaq notified the company of its failure to maintain a minimum bid price of $1.00 per share for over 30 consecutive trading days. LXEH was given until November 4, 2024, to regain compliance. The company implemented a 1-for-10 reverse stock split effective September 30, 2024, which likely contributed to meeting the minimum bid price requirement.
Lixiang Education Holding Co., (NASDAQ: LXEH), a private education service provider in China, has announced plans to change its American Depositary Shares (ADS) ratio from 1 ADS to 10 ordinary shares to 1 ADS to 100 ordinary shares. This change, effective around September 30, 2024, will have the same effect as a one-for-ten reverse ADS split.
ADS holders in the Direct Registration System and The Depository Trust Company will have their ADSs automatically exchanged. Fractional new ADSs will be aggregated, sold, and the net proceeds distributed to applicable ADS holders. The company's ADSs will continue trading on the Nasdaq Global Market under the symbol 'LXEH'. This change will not impact the underlying ordinary shares of the company.
Lixiang Education Holding Co., (NASDAQ: LXEH) announced a change in its leadership team. Mr. Luoyuan Ye resigned as Chief Financial Officer (CFO) effective August 31, 2024, but will remain as a consultant. Mr. Zhifu Yang was appointed as the new CFO starting September 2, 2024.
Mr. Yang, 42, brings over 15 years of experience in financial accounting and management. He previously served as CFO at Beijing Pengxiang Tianxia Education Technology Co., and Zhi Jin Education Consulting Co., Mr. Yang holds a bachelor's degree in financial accounting from Renmin University of China.
CEO Biao Wei expressed confidence in Mr. Yang's ability to enhance internal controls, financial reporting quality, and support the company's expansion into the vocational education sector.
Lixiang Education Holding Co., (NASDAQ: LXEH), a private education service provider in China, has received a notice from Nasdaq indicating non-compliance with the Minimum Market Value of Publicly Held Shares Rule. The company failed to maintain the required $5 million minimum market value of publicly held shares from July 15 to August 28, 2024. Lixiang has been given until February 25, 2025, to regain compliance by exceeding the $5 million threshold for at least 10 consecutive business days. Failure to comply may result in delisting, though the company may consider transferring to the Nasdaq Capital Market. The notice does not immediately affect LXEH's listing or trading status on the Nasdaq Global Market.
Lixiang Education Holding Co., received a notice from Nasdaq for failing to comply with the Minimum Bid Price Rule, requiring a minimum bid price of US$1.00 per share. The company has 180 days to regain compliance by maintaining a closing bid price of at least US$1.00 for 10 consecutive business days.
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