Highway Holdings hit by Nasdaq $1 bid price warning

Highway Holdings Limited reported that Nasdaq has notified the company its shares no longer meet the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market.

Rhea-AI Filing Summary

Highway Holdings Limited reported that Nasdaq has notified the company its shares no longer meet the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market. The closing bid has stayed below this level for 30 consecutive business days, triggering a deficiency notice.

The company has until September 14, 2026 to regain compliance by maintaining a closing bid of at least $1.00 for 10 consecutive business days. Its shares continue to trade under the symbol HIHO while management monitors the price and considers options, which may include a reverse stock split.

Insights

Equity market structure analyst

Nasdaq bid-price deficiency introduces listing-risk over the next compliance periods.

Highway Holdings has fallen out of compliance with Nasdaq’s $1.00 minimum bid rule after 30 straight business days below that level. The shares remain on The Nasdaq Capital Market, but the notice flags a formal deficiency status under Rule 5550(a)(2).

The company has an initial 180-day window, until September 14, 2026, to restore its bid to at least $1.00 for 10 consecutive business days. If it meets other listing criteria, it may obtain a second 180-day period, often tied to actions such as a reverse stock split.

If compliance is not regained and any appeal fails, Nasdaq may delist the ordinary shares, which could shift trading to a less liquid venue. The company states it will monitor its bid price and may evaluate available options under the rules to address the deficiency.

FAQ

What Nasdaq notification did Highway Holdings (HIHO) receive?

Highway Holdings received a Nasdaq notice that its common shares failed to meet the $1.00 minimum bid price for 30 consecutive business days. This triggers a formal deficiency under Listing Rule 5550(a)(2) but does not immediately affect trading on The Nasdaq Capital Market.

How long does Highway Holdings (HIHO) have to regain Nasdaq bid price compliance?

Highway Holdings has until September 14, 2026 to restore its closing bid to at least $1.00 for 10 consecutive business days. If it meets other listing standards, it may qualify for an additional 180-day compliance period under Nasdaq’s rules.

What happens if Highway Holdings (HIHO) cannot regain Nasdaq compliance?

If the company cannot regain compliance during the initial or any second 180-day period, Nasdaq may move to delist its ordinary shares. Highway Holdings would then have an opportunity to appeal the delisting determination to a Hearings Panel under Nasdaq procedures.

Is Highway Holdings’ (HIHO) stock still trading on Nasdaq after the notice?

Yes. The Nasdaq notice has no immediate impact on trading, and Highway Holdings’ common shares continue to trade on The Nasdaq Capital Market. The stock remains listed under the symbol HIHO while the company works within the prescribed compliance periods.

What steps might Highway Holdings (HIHO) take to address the bid price deficiency?

The company plans to monitor the closing bid price of its ordinary shares and may consider available options under Nasdaq rules. These could include actions such as a reverse stock split, if appropriate, to help restore compliance with the $1.00 minimum bid requirement.

What is Nasdaq’s minimum bid price requirement affecting Highway Holdings?

Nasdaq Listing Rule 5550(a)(2) requires a minimum closing bid price of $1.00 per share for continued listing on The Nasdaq Capital Market. Highway Holdings fell below this level for 30 consecutive business days, prompting the deficiency notice and starting the compliance timeline.

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Accepted by SEC EDGAR 03/26/2026 - 06:58 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number 001-38490

HIGHWAY HOLDINGS LIMITED

(Translation of Registrant’s Name Into English)

Suite 1801, Level 18

Landmark North

39 Lung Sum Avenue

Sheung Shui

New Territories, Hong Kong

(Address of Principal Executive Offices)

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 ☐

Attached as Exhibit 99.1 to this Report on Form 6-K is the press release issued by the registrant on March 26, 2026.

Exhibit Index

Exhibit No		Description
99.1		Press Release

1

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.

	HIGHWAY HOLDINGS LIMITED
Date: March 26, 2026	By	/s/ ROLAND W. KOHL
		Roland W. Kohl
		Chief Executive Officer

2

Exhibit 99.1

NEWS RELEASE

Highway Holdings Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

HONG KONG – March 26, 2026 – Highway Holdings Limited (Nasdaq: HIHO, the “Company” or “Highway Holdings”) today announced that on March 17, 2026, Highway Holdings Limited (the “Company”) received a written notification (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the preceding 30 consecutive business days, the closing bid price of the Company’s common shares (the “Shares”), has been below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

The Notification Letter has no immediate effect on the listing or trading of the Shares, which will continue to trade on The Nasdaq Capital Market under the symbol “HIHO”.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until September 14, 2026, to regain compliance with the Minimum Bid Price Requirement (the “Compliance Period”). To regain compliance, the closing bid price of the Shares must be at least $1.00 per share for a minimum of 10 consecutive business days during the Compliance Period. If such compliance is demonstrated, Nasdaq will provide the Company with a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance with the minimum bid price requirement by September 14, 2026, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary, to Nasdaq. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company’s ordinary shares, at which point the Company will have an opportunity to appeal the delisting determination to a Hearings Panel.

The Company intends to monitor the closing bid price of the ordinary shares and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

About Highway Holdings Limited

Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar, and Shenzhen, China. For more information visit website www.highwayholdings.com.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to the Company’s ability to regain compliance with Nasdaq’s rules for continued listing, market conditions, economic, competitive, governmental, political and technological factors affecting the company’s revenues, operations, markets, products and prices, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.

# # #

For further information, please contact:

Global IR Partners

David Pasquale

HIHO@globalirpartners.com

New York Office: +1-914-337-8801

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 8.7 KB