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Huachen AI Parking (HCAI) restores Nasdaq $1.00 bid-price rule compliance

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Huachen AI Parking Management Technology Holding Co., Ltd reports that it has regained compliance with Nasdaq’s minimum bid price rule. The company had previously fallen below the required $1.00 closing bid price for its Class A ordinary shares, triggering a compliance period ending August 3, 2026.

Nasdaq’s Listing Qualifications staff confirmed that from April 13, 2026 to April 27, 2026, the closing bid price was at or above $1.00 for at least 11 consecutive business days. As a result, the company now complies with Nasdaq Listing Rule 5550(a)(2), and Nasdaq has closed the matter.

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Insights

Huachen AI Parking restores Nasdaq bid-price compliance, easing near-term delisting risk.

The company confirms that its Class A ordinary shares again meet Nasdaq’s $1.00 minimum closing bid requirement under Listing Rule 5550(a)(2). This follows an earlier notice that the shares had traded below $1.00 for 30 consecutive business days, putting its listing in question.

Nasdaq granted two successive 180-day compliance periods, the latest running to August 3, 2026. The bid price then stayed at or above $1.00 from April 13, 2026 through April 27, 2026, at least 11 consecutive business days, satisfying the rule. With the matter now closed, the company retains its Nasdaq Capital Market listing under existing terms, based on the information provided.

Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold for Class A ordinary shares
Initial compliance period 180 calendar days From August 4, 2025 deficiency notice to February 2, 2026
Second compliance period 180 calendar days Extended period to regain compliance until August 3, 2026
Consecutive compliant days 11 business days Closing bid at or above $1.00 from April 13–27, 2026
Key dates of compliant streak April 13–27, 2026 Period Nasdaq used to confirm bid price compliance
Deficiency notice 30-day period 30 consecutive business days Time shares traded below $1.00 before August 4, 2025 notice
Nasdaq Listing Rule 5550(a)(2) regulatory
"the Company did not meet the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2)"
Bid Price Requirement financial
"the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”)"
A bid price requirement is a rule that specifies the minimum price a buyer must offer per share when making an official purchase proposal, tender offer, auction bid, or similar transaction. It matters to investors because it sets a floor for negotiations and valuation—like a reserve price in an auction—ensuring bids meet regulatory, contract or market standards and helping shareholders and markets judge whether an offer is fair or likely to succeed.
Listing Qualifications staff regulatory
"received a notification letter from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC"
Listing qualifications staff are the exchange employees who review and monitor whether a company meets the rules required to be listed on a stock exchange, similar to referees checking that players follow the game’s rules. They assess financial filings, corporate governance, and ongoing disclosures, and can flag problems, request corrective steps, or recommend suspension or delisting. Investors care because their determinations affect a company’s ability to trade publicly and can signal increased risk or regulatory trouble.
closing bid price financial
"the minimum closing bid price per share for its Class A ordinary shares was below $1.00"
The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.
Current Report on Form 6-K regulatory
"As previously disclosed in the Current Report on Form 6-K of Huachen AI Parking Management Technology Holding Co., Ltd"

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

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FAQ

What did Huachen AI Parking (HCAI) announce in its April 2026 Form 6-K?

Huachen AI Parking announced it has regained compliance with Nasdaq’s minimum bid price requirement. Nasdaq’s staff confirmed the company’s Class A ordinary shares traded at or above $1.00 for at least 11 consecutive business days, closing the prior deficiency matter.

Why was Huachen AI Parking (HCAI) previously non-compliant with Nasdaq rules?

The company’s Class A ordinary shares closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). This triggered a deficiency notice from Nasdaq’s Listing Qualifications staff and started an initial 180-day period to restore the minimum closing bid price.

How did Huachen AI Parking (HCAI) regain compliance with Nasdaq’s bid price rule?

Huachen AI Parking regained compliance after its Class A ordinary shares maintained a closing bid price of at least $1.00 from April 13, 2026 through April 27, 2026. Nasdaq confirmed this 11-day streak satisfied Listing Rule 5550(a)(2), restoring the company’s compliant status.

What Nasdaq listing rule applies to Huachen AI Parking’s (HCAI) bid price?

Nasdaq Listing Rule 5550(a)(2) requires a minimum $1.00 closing bid price for companies on the Nasdaq Capital Market. Huachen AI Parking’s Form 6-K explains it now complies with this rule again after previously receiving a deficiency notice from Nasdaq’s Listing Qualifications staff.

Did Huachen AI Parking (HCAI) receive extensions to fix its bid price issue?

Yes. After the initial deficiency notice, Nasdaq granted an initial 180-day compliance period ending February 2, 2026, then a second 180-day period through August 3, 2026. The company resolved the issue early when its bid price stayed at or above $1.00 for 11 consecutive days.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-42505

 

Huachen AI Parking Management Technology Holding Co., Ltd

(Translation of registrant’s name into English)

 

No.1018 Haihe Road, Dushangang Town,

Pinghu City, Jiaxing, Zhejiang Province,

China, 314205
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F          Form 40-F

 

 

 

 

 

 

As previously disclosed in the Current Report on Form 6-K of Huachen AI Parking Management Technology Holding Co., Ltd (the “Company”) filed with the U.S. Securities and Exchange Commission on August 6, 2025, the Company received a notification letter from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on August 4, 2025, notifying the Company that the minimum closing bid price per share for its Class A ordinary shares was below $1.00 for a period of 30 consecutive business days and as a result, the Company did not meet the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). Nasdaq provided the Company with a 180-calendar-day compliance period, or until February 2, 2026, to regain compliance. On February 4, 2026, the Company received a notification letter from Nasdaq stating that, although the Company had not regained compliance with the minimum bid price requirement by February 2, 2026, in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was granted for an additional 180-calendar-day period, or until August 3, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the closing bid price of the Company’s Class A ordinary shares must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during this 180-day period.

 

On April 28, 2026, the Company received a letter from the Staff confirming that the Company has regained compliance with the Bid Price Requirement. Specifically, the Staff determined that April 13, 2026 to April 27, 2026, the closing bid price of the Company’s Class A ordinary shares had been at $1.00 per share or greater for at least 11 consecutive business days. Accordingly, the Staff has determined that the Company complies with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Huachen AI Parking Management Technology Holding Co., Ltd
     
Date: April 30, 2026 By: /s/ Bin Lu
  Name: Bin Lu
  Title: Chief Executive Officer

 

 

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