Nasdaq Halts BAIYU Holdings, Inc.

Rhea-AI Summary

Nasdaq (NDAQ) has halted trading for BAIYU Holdings, Inc. (BYU) on September 5, 2024, at 19:50:00 Eastern Time. The halt occurred at a last sale price of $1.02 and will continue until BYU fully satisfies Nasdaq's request for additional information. Additionally, the Securities and Exchange Commission has imposed a trading suspension on BYU from September 6, 2024, at 09:30:00 until September 19, 2024, at 23:59:00. Investors can find more details about the SEC's order on their website. For further information about BYU, interested parties are advised to contact the company directly or use InfoQuotes on Nasdaq's website.

Positive

• None.

Negative

• Trading halt on BAIYU Holdings (BYU) stock
• SEC trading suspension for BYU from Sept 6-19, 2024
• Last sale price of $1.02 before trading halt, indicating low stock value
• Pending additional information request from Nasdaq, suggesting potential compliance issues

News Market Reaction

-1.98%

1 alert

-1.98% News Effect

On the day this news was published, NDAQ declined 1.98%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that trading was halted on September 5, 2024 in BAIYU Holdings, Inc. (Nasdaq: BYU) at 19:50:00 Eastern Time for information requested from the company at a last sale price of $1.02.

Trading will remain halted until BAIYU Holdings, Inc. has fully satisfied Nasdaq’s request for additional information.

Additionally, the Securities and Exchange Commission effected a trading suspension in BYU from 09:30:00 on September 6, 2024 to 23:59:00 on September 19, 2024. More information about the SEC’s order can be found at https://www.sec.gov/files/litigation/suspensions/2024/34-100956.pdf.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss
sophia.weiss@nasdaq.com

NDAQO

FAQ

Why was trading halted for BAIYU Holdings (BYU) on Nasdaq?

Trading for BAIYU Holdings (BYU) was halted on September 5, 2024, at 19:50:00 Eastern Time due to Nasdaq's request for additional information from the company. The halt will continue until BYU fully satisfies this request.

What is the duration of the SEC trading suspension for BAIYU Holdings (BYU)?

The Securities and Exchange Commission imposed a trading suspension on BAIYU Holdings (BYU) from September 6, 2024, at 09:30:00 until September 19, 2024, at 23:59:00.

What was the last sale price of BAIYU Holdings (BYU) before the trading halt?

The last sale price of BAIYU Holdings (BYU) before the trading halt on September 5, 2024, was $1.02.

How can investors find more information about BAIYU Holdings (BYU) during the trading halt?

Investors can contact BAIYU Holdings directly or check under the company's symbol using InfoQuotes on the Nasdaq website for more information during the trading halt.