TIAN RUIXIANG Holdings Ltd. Announces Receipt of Nasdaq Delisting Notification Regarding Minimum Bid Price Deficiency

Rhea-AI Summary

TIAN RUIXIANG Holdings (Nasdaq: TIRX) received a Nasdaq written notification on January 20, 2026 that it is not in compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price closed below $1 per share for the prior 30 consecutive business days.

Because the company effected a reverse stock split within the prior year, it is ineligible for the usual 180-day compliance period under Listing Rule 5810(c)(3)(A), and Nasdaq's Staff determined to delist the company's securities from The Nasdaq Capital Market. The company requested a hearing on January 22, 2026 to appeal, which has stayed the delisting and allows continued trading while the appeal is pending. The company intends to present a plan to regain compliance but provided no assurance of success or of any Nasdaq extension.

Positive

• Hearing request filed on Jan 22, 2026 which stayed the delisting and preserved trading
• Company plans to present a compliance plan to the Nasdaq Hearings Panel

Negative

• Nasdaq found minimum bid price deficiency: shares <$1 for 30 consecutive business days
• Company is ineligible for the standard 180-day compliance period due to a reverse stock split within the prior year
• Nasdaq Staff determined to deselect/delist the company's securities from The Nasdaq Capital Market absent successful appeal

News Market Reaction

-12.55% 4.3x vol

9 alerts

-12.55% News Effect

+22.7% Peak Tracked

-23.9% Trough Tracked

-$2M Valuation Impact

$16M Market Cap

4.3x Rel. Volume

On the day this news was published, TIRX declined 12.55%, reflecting a significant negative market reaction. Argus tracked a peak move of +22.7% during that session. Argus tracked a trough of -23.9% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $16M at that time. Trading volume was very high at 4.3x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Minimum bid price: $1 per share Non-compliance days: 30 business days Standard cure period: 180 calendar days +5 more

8 metrics

Minimum bid price $1 per share Nasdaq Listing Rule 5550(a)(2) threshold over 30 consecutive business days

Non-compliance days 30 business days Bid price closed below $1 for prior 30 consecutive business days

Standard cure period 180 calendar days Typical Nasdaq compliance period not available due to prior reverse split

Hearing request date January 22, 2026 Company requested Nasdaq Hearings Panel review on this date

Hearing date February 17, 2025 Scheduled Nasdaq Hearings Panel date as stated in the notice

Share price $0.4423 Price before delisting notice coverage in this article

1-day move -7.43% Price change in the 24 hours prior to publication

52-week range $0.3505–$10.75 Current price near 52-week low and far below high

Market Reality Check

Price: $0.1327 Vol: Volume 141,791 vs 20-day ...

normal vol

$0.1327 Last Close

Volume Volume 141,791 vs 20-day average 115,437 (relative volume 1.23x) ahead of the delisting notice. normal

Technical Price 0.4423 is trading below the 200-day MA at 3.59, reflecting a prolonged downtrend.

Peers on Argus

TIRX fell 7.43% while key insurance/insurtech peers were mixed: several modestly...

TIRX fell 7.43% while key insurance/insurtech peers were mixed: several modestly negative (e.g., EHTH -3.15%, GOCO -3.8%, ZBAO -2.62%) and one positive (XHG +2.29%). This suggests the delisting notice was primarily company-specific.

Historical Context

5 past events · Latest: Nov 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 07	Acquisition agreement	Positive	-7.1%	Share-based acquisition of REN Talents to support U.S. and Europe expansion.
Nov 05	Acquisition agreement	Positive	-12.8%	Share issuance to acquire Beyond Coastline and expand Southeast Asia presence.
Nov 05	Acquisition agreement	Positive	-12.8%	Stock-for-stock deal for REN Talents as part of globalization strategy.
Oct 10	Equity offering	Negative	-46.5%	Registered direct offering and warrants raising about $3.0M for working capital.
Sep 02	Reverse stock split	Neutral	-0.5%	5-to-1 reverse split to increase share price and maintain listing status.

Pattern Detected

Recent financings, acquisitions, and a reverse split were followed by predominantly negative price reactions, indicating market skepticism toward capital raises and expansion deals.

Recent Company History

Over the past months, TIRX executed a 5-to-1 reverse split effective September 5, 2025, then priced a $3.0M registered direct offering at $1.50 per share and warrant. It also agreed to acquire Beyond Coastline and Ren Talents via share issuances valued at about $14.4M and $7.0M. Each of these expansion and financing steps coincided with share price declines, framing today’s Nasdaq minimum bid price deficiency and delisting risk within an ongoing pattern of dilution concerns and weak market confidence.

Market Pulse Summary

The stock dropped -12.6% in the session following this news. The decline reflected ongoing concerns,...

Analysis

The stock dropped -12.6% in the session following this news. The decline reflected ongoing concerns, as TIRX already traded at $0.4423, well below its $10.75 52-week high and after a 5-to-1 reverse split and a $3.0M offering that saw negative reactions. A Nasdaq delisting notice for bid-price deficiency fit this pattern of pressure. With past deals and financings also followed by losses, investors remained cautious about long-term listing and dilution risk.

Key Terms

minimum bid price requirement, listing rule 5550(a)(2), listing rule 5810(c)(3)(A)(iv), reverse stock split, +4 more

8 terms

minimum bid price requirement regulatory

"not in compliance with Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement")"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

listing rule 5550(a)(2) regulatory

"not in compliance with Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement")"

Listing Rule 5550(a)(2) is a Nasdaq listing standard that sets a minimum share-price requirement for securities to be listed or to remain listed on the Nasdaq Capital Market. It matters to investors because falling below that minimum can trigger delisting reviews or increased volatility, much like a safety bar on a ride — if a stock can’t meet the height requirement, it risks being removed from the exchange, which can reduce liquidity and access for buyers and sellers.

listing rule 5810(c)(3)(A)(iv) regulatory

"However, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible"

A specific clause within an exchange’s formal listing standards that spells out conditions, timelines or corrective steps a company must meet to remain traded on that market. For investors it matters because these rules can lead to formal warnings, trading restrictions or delisting if a company fails to comply—similar to a vehicle inspection rule that can ground a car until repairs are made, affecting a stock’s liquidity and price.

reverse stock split financial

"not eligible ... due to the fact that the Company has effected a reverse stock split over the prior one-year period"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

nasdaq capital market regulatory

"to delist the Company's securities from The Nasdaq Capital Market.The Company requested"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

nasdaq hearings panel regulatory

"The Company requested a hearing before the Nasdaq Hearings Panel (the "Panel")"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

delist regulatory

"the Staff determined to delist the Company's securities from The Nasdaq Capital Market"

Delist means a company’s shares are removed from a public stock exchange so they can no longer be bought or sold on that market. Think of it like a product being taken off a supermarket shelf: the stock becomes harder to find, often leads to less trading, wider price swings, and reduced transparency, which matters to investors because it can limit ability to sell, change the value of holdings, and signal regulatory or financial problems.

listing standards regulatory

"or any other Nasdaq listing standards, that Nasdaq will grant the Company any extension"

Rules set by a stock exchange that determine which companies can be listed and what they must keep doing to stay listed, covering things like financial health, reporting, and governance. They matter to investors because they provide a baseline of transparency and quality—like building codes or club membership rules—so buyers can trust that listed companies meet minimum standards and that market information is more reliable and comparable.

AI-generated analysis. Not financial advice.

BEIJING, Jan. 26, 2026 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd. (Nasdaq: TIRX) (the "Company" or "TRX") today announced that it had received a written notification (the "Notice") from the Listing Qualifications (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on January 20, 2026, indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). This determination was based on the fact that the bid price of the Company's listed securities had closed at less than $1 per share over the prior 30 consecutive business days.

Pursuant to the Notice, normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Requirement. However, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Listing Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period. As a result, the Staff determined to delist the Company's securities from The Nasdaq Capital Market.

The Company requested a hearing before the Nasdaq Hearings Panel (the "Panel") on January 22, 2026, to appeal the Notice and to address compliance with the Minimum Bid Price Requirement. This hearing request has stayed the delisting of the Company's securities pending the Panel's decision. Consequently, the Company's securities will continue to trade on The Nasdaq Capital Market while the appeal process is pending.

On January 22, 2026, Nasdaq notified the Company that the hearing is scheduled to be held on February 17, 2025. The Company intends to present a plan to regain compliance to the Panel. However, there are no assurances that the Company will be able to regain or maintain compliance with the Minimum Bid Price Requirement or any other Nasdaq listing standards, that Nasdaq will grant the Company any extension of time to regain compliance with the Minimum Bid Price Requirement, or that any such appeal to the Panel will be successful, as applicable.

About TIAN RUIXIANG Holdings Ltd

TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China through its China-based variable interest entity. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and (2) other types of insurance, such as health insurance, life insurance, and other miscellaneous insurance.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These include statements regarding future plans, objectives, expectations and intentions, and involve known and unknown risks and uncertainties. Words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "continue," or similar expressions identify these statements. These forward-looking statements are based on current expectations and assumptions and are not guarantees of future performance; actual results may differ materially. TIAN RUIXIANG Holdings Ltd. undertakes no obligation to update these statements for subsequent events or circumstances, except as required by law.

For investor and media enquiries, please contact: 
TIAN RUIXIANG Holdings Ltd 
Investor Relations Department
Email: ir@tianrx.com 

View original content:https://www.prnewswire.com/news-releases/tian-ruixiang-holdings-ltd-announces-receipt-of-nasdaq-delisting-notification-regarding-minimum-bid-price-deficiency-302669961.html

SOURCE TIAN RUIXIANG Holdings Ltd.

FAQ

Why did Nasdaq notify TIRX of noncompliance with the minimum bid price on January 20, 2026?

Nasdaq determined TIRX's bid price closed below $1 per share for the prior 30 consecutive business days, triggering Listing Rule 5550(a)(2).

What does TIRX's reverse stock split mean for Nasdaq compliance relief?

Because TIRX effected a reverse stock split within the prior year, it is ineligible for the usual 180-calendar day compliance period under Listing Rule 5810(c)(3)(A).

Is TIRX still trading on Nasdaq after the delisting notice?

Yes. TIRX requested a hearing on Jan 22, 2026, which stayed the delisting so the securities continue trading while the appeal is pending.

When will the Nasdaq hearing on TIRX's delisting appeal occur?

The company was notified of a hearing scheduled for February 17; the company will present a plan to regain compliance to the Nasdaq Hearings Panel.

What are the possible outcomes for TIRX after the Nasdaq Hearings Panel decision?

Outcomes include continued listing if Nasdaq grants relief, denial of the appeal leading to delisting, or other Panel-determined remedies; there is no assurance the appeal will succeed.