Quhuo Limited Announces Nasdaq Delisting Determination

Quhuo (Nasdaq: QH) received a Staff Delisting Determination from Nasdaq after its ADSs' closing bid price remained at $0.10 or below for 10 consecutive trading days through March 25, 2026.

Rhea-AI Summary

Quhuo (Nasdaq: QH) received a Staff Delisting Determination from Nasdaq after its ADSs' closing bid price remained at $0.10 or below for 10 consecutive trading days through March 25, 2026.

Nasdaq determined to delist and trading will be suspended at the opening of business on April 6, 2026. The company intends to request a hearing by 4:00 p.m. ET on April 6, 2026, but a timely hearing will not stay the trading suspension and there is no assurance the hearing will succeed.

Positive

• Company intends to appeal with a Nasdaq hearing request by April 6, 2026
• Hearing request preserves procedural right to contest delisting

Negative

• Nasdaq determined to delist ADSs after <$0.10 closing bid for 10 days through March 25, 2026
• Trading in ADSs suspended at open of business on April 6, 2026
• A timely hearing will not stay the trading suspension

Argus Apr 2 session

-12.96% close to close Open Argus

Details

News Market Reaction – QH

In the Apr 2 session, QH declined 12.96%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -13.0% in the session following this news. A negative reaction to news that Nasdaq...

Analysis

The stock dropped -13.0% in the session following this news. A negative reaction to news that Nasdaq plans to suspend trading on April 6, 2026 and potentially delist after the ADS bid stayed at or below $0.10 for 10 days would align with the stock’s long-standing weakness and proximity to its 0.0769 52-week low. Past news flow has produced both rallies and selloffs, but the current situation centers on listing risk and extensive share-structure adjustments, heightening uncertainty around long-term equity value.

Key Figures

Bid price threshold: $0.10 Low-price duration: 10 trading days Delisting determination date: March 27, 2026 +5 more

Bid price threshold

$0.10

ADS closing bid remained at or below this level

Low-price duration

10 trading days

Consecutive days with bid at $0.10 or below through March 25, 2026

Delisting determination date

March 27, 2026

Nasdaq Staff Delisting Determination Letter date

Trading suspension date

April 6, 2026

ADS trading suspension at market open

Hearing request deadline

4:00 p.m. ET, April 6, 2026

Deadline to request Nasdaq hearing under Listing Rule 5815

Share consolidation ratio

32,000-to-1

Proposed consolidation of all share classes in 6-K filings

Authorized shares

1,200,000,000 shares

Post-restructuring authorized share count at $0.0001 par value

Capital reduction

US$3,840,000,000 to US$120,000

Authorized share capital change via 6-K filing

Historical Context

2 past events · Latest: Nov 13

2 events

1. Nov 13

   Blockchain partnership

   24h Move

   +5.7%

   Strategic blockchain advisory deal to enhance cross-border and export operations.

2. Oct 06

   Rental partnership

   24h Move

   -13.9%

   Trust collaboration expected to add over RMB 10M monthly revenue by end-2025.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

american depositary shares, nasdaq global market, form 25-nse, american depositary receipt, +2 more

6 terms

american depositary shares financial

"because the closing bid price of its American depositary shares (the "ADSs") had remained"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

nasdaq global market regulatory

"Nasdaq had determined to delist the Company's ADSs from The Nasdaq Global Market."

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

form 25-nse regulatory

"Nasdaq would file a Form 25-NSE with the U.S. Securities and Exchange Commission"

Form 25‑NSE is an official filing used to notify the stock exchange that a company’s securities are being removed from trading on that exchange, similar to handing in a key when a shop closes. Investors care because removal ends public trading on that venue, often cutting liquidity and making it harder to buy or sell shares, which can affect a stock’s price and how quickly investors can access cash or exit positions.

american depositary receipt financial

"ending the American Depositary Receipt program, under which each ADS represents"

An American depositary receipt (ADR) is a certificate that represents shares of a foreign company traded on U.S. stock exchanges. It allows investors to buy and sell parts of a foreign company's stock easily, much like purchasing shares of a company based in their own country. ADRs make international investing more convenient and accessible for U.S. investors.

capital reduction financial

"creating a capital reduction and moving the resulting credit into a distributable reserve"

A capital reduction is a legal move where a company shrinks the amount of money recorded as its official share capital, either by cancelling shares, lowering the value of each share, or returning cash to shareholders. Investors care because it changes the company’s balance sheet and can alter how much each remaining share represents—like pruning a tree to concentrate fruit or giving back some of the harvest—potentially affecting ownership percentages, per‑share metrics and the stock’s market value.

share consolidation financial

"approval for a 32,000‑to‑1 consolidation of all share classes, which would temporarily"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, April 2, 2026 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (Nasdaq: QH), an exempted company incorporated in the Cayman Islands, today announced that, on March 27, 2026, it received a Staff Delisting Determination Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that, because the closing bid price of its American depositary shares (the "ADSs") had remained at $0.10 or below for 10 consecutive trading days through March 25, 2026, Nasdaq had determined to delist the Company's ADSs from The Nasdaq Global Market. Trading in the Company's ADSs will be suspended at the opening of business on April 6, 2026. Unless the Company timely requests a hearing pursuant to Nasdaq Listing Rule 5815, Nasdaq would file a Form 25-NSE with the U.S. Securities and Exchange Commission to remove the ADSs from listing and registration on The Nasdaq Stock Market in accordance with Nasdaq Listing Rule 5830.

The Company currently intends to appeal the delisting determination to the Nasdaq Hearings Panel. The hearing request must be received by the Nasdaq Hearings Department no later than 4:00 p.m. Eastern Time on April 6, 2026. A timely hearing will not stay the trading suspension of the ADSs. There can be no assurance that the Company's hearing will be successful.

About Quhuo

Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company") is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding Quhuo's intention to appeal the Delisting Determination, the timing and outcome of any hearing before the Nasdaq Hearings Panel, any further review by the Nasdaq Listing and Hearing Review Council, if applicable, and Quhuo's ability to regain compliance with the applicable Nasdaq listing requirements. Forward-looking statements include statements containing words such as "expect," "anticipate," "believe," "project," "will" and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on Quhuo's current expectations and involve risks and uncertainties. Quhuo's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties related to Quhuo's ability to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) maintain its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationships with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market share relative to competitors in existing markets and succeed in expanding into new markets. Other risks and uncertainties are included under the caption "Risk Factors" and elsewhere in the Company's filings with the SEC, including, without limitation, the Company's latest annual report on Form 20-F. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Quhuo undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

 

View original content:https://www.prnewswire.com/news-releases/quhuo-limited-announces-nasdaq-delisting-determination-302732589.html

SOURCE Quhuo Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Nasdaq determine to delist Quhuo (QH) on April 2, 2026?

Nasdaq determined delisting because Quhuo's ADSs closed at $0.10 or below for 10 consecutive trading days. According to the company, the threshold breach ran through March 25, 2026, triggering the Listing Qualifications Department's delisting determination.

When will Quhuo (QH) trading be suspended and what is the immediate effect?

Trading in Quhuo ADSs will be suspended at the opening of business on April 6, 2026. According to the company, suspension means ADSs will stop trading on Nasdaq while delisting procedures and any hearing request proceed.

Can Quhuo (QH) avoid delisting by requesting a Nasdaq hearing?

Quhuo can request a hearing, but a hearing does not guarantee success. According to the company, it intends to appeal, and the hearing request must be received by 4:00 p.m. ET on April 6, 2026.

Does filing a timely hearing request stop the April 6, 2026 trading suspension for QH?

No, a timely hearing request will not stay the trading suspension. According to the company, even if a hearing is requested by the April 6 deadline, the ADS trading suspension will remain in effect.

What deadline must Quhuo (QH) meet to appeal Nasdaq's delisting determination?

Quhuo must submit a hearing request to the Nasdaq Hearings Department by 4:00 p.m. Eastern Time on April 6, 2026. According to the company, missing this deadline could allow Nasdaq to file Form 25-NSE.