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Haoxin Holdings (Nasdaq: HXHX) gains 180-day Nasdaq bid-price extension

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Haoxin Holdings Limited reports board and Nasdaq listing developments. Two independent directors, Bangjie Hu and Mikael Charette, resigned effective July 8, 2026, from the board and from leadership roles on the audit, compensation and nominating committees. On July 20, 2026, the board appointed Ro Phansalkar and Mengzhi Wang as independent directors, assigning them as chairs and members across the audit, compensation and nominating committees. The board determined both meet the Nasdaq independence standard and disclosed no related-party transactions.

The company also received an additional 180 days, until December 14, 2026, from Nasdaq to regain compliance with the $1.00 minimum bid price requirement. Compliance will be restored if the Class A Ordinary Shares close at or above $1.00 for at least 10 consecutive business days, and the company may implement a reverse stock split, which must be completed at least 10 business days before the new deadline. Failure to regain compliance could lead to a delisting notice, which the company would be entitled to appeal.

Positive

  • Nasdaq grants 180-day extension, giving Haoxin Holdings until December 14, 2026 to regain compliance with the $1.00 minimum bid price requirement and avoid immediate delisting risk.

Negative

  • Haoxin remains non-compliant with Nasdaq’s $1.00 minimum bid price and faces potential delisting of its Class A Ordinary Shares if compliance is not regained by December 14, 2026.

Filing Explained

The potential reverse split would reduce shares and raise the per-share price proportionally, but it is not disclosed as approved or completed.

The company reports that it did not regain Nasdaq’s minimum bid-price compliance during the first 180-day period, leaving the deficiency unresolved as the additional period runs through December 14, 2026.

The filing presents a reverse stock split as a possible cure rather than a completed action, so no share-count change from that mechanism is disclosed.

Nasdaq’s extension was based on the company meeting the market-value-of-publicly-held-shares test and other applicable initial-listing requirements, except for the bid-price requirement; Nasdaq states that failure to cure could lead to delisting proceedings.

A reverse stock split reduces the number of shares and proportionally raises the per-share price; the split itself does not change company value.

Initial non-compliance period 31 consecutive business days Days from October 30, 2025 to December 12, 2025 with bid below US$1.00
Minimum bid price requirement US$1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold for Class A Ordinary Shares
First compliance period 180 calendar days Original period ending June 15, 2026 to regain $1.00 bid price
Extended compliance deadline December 14, 2026 New Nasdaq deadline after granting an additional 180-day extension
Required compliant trading streak 10 consecutive business days Minimum period with bid at or above $1.00 to regain compliance
Potential longer observation Up to 20 consecutive business days Nasdaq may require longer bid-price compliance before confirming
independent director regulatory
"The Board appointed Mr. Ro Phansalkar as independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Audit Committee regulatory
"Chair of Audit Committee, a member of Nominating and a member"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Nasdaq Listing Rule 5550(a)(2) regulatory
"minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)"
minimum bid price requirement market
"to regain compliance with 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.
reverse stock split financial
"its intention to cure the deficiency ... by effecting a reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

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

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FAQ

What board changes did Haoxin Holdings (HXHX) disclose in this Form 6-K?

Haoxin reported that independent directors Bangjie Hu and Mikael Charette resigned effective July 8, 2026. On July 20, 2026, the board appointed Ro Phansalkar and Mengzhi Wang as new independent directors with leadership roles on key committees.

Which board committees will the new Haoxin Holdings (HXHX) directors lead or join?

Ro Phansalkar becomes an independent director, Chair of the Compensation Committee, and member of the Audit and Nominating Committees. Mengzhi Wang becomes an independent director, Chair of the Audit Committee, and member of the Compensation and Nominating Committees.

What Nasdaq bid-price extension did Haoxin Holdings (HXHX) receive?

Nasdaq granted Haoxin an additional 180 days, until December 14, 2026, to regain compliance with the $1.00 minimum bid price requirement for its Class A Ordinary Shares on the Capital Market.

How can Haoxin Holdings (HXHX) regain compliance with Nasdaq’s $1.00 bid-price rule?

Compliance will be regained if Haoxin’s Class A Ordinary Shares maintain a closing bid of at least $1.00 for a minimum of 10 consecutive business days. Nasdaq may require up to 20 days to confirm long-term compliance.

Is Haoxin Holdings (HXHX) considering a reverse stock split to meet Nasdaq rules?

Haoxin states it may consider implementing a reverse stock split to satisfy the $1.00 bid-price requirement. Any reverse split must be completed no later than 10 business days before the December 14, 2026 compliance deadline.

What happens if Haoxin Holdings (HXHX) fails to regain Nasdaq compliance by December 14, 2026?

If Haoxin does not regain the $1.00 minimum bid price compliance by December 14, 2026, Nasdaq will notify the company that its securities are subject to delisting. Haoxin would be entitled to appeal to a Nasdaq hearings panel.

 

 

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 July 2026

 

Commission File Number: 001-42599

 

HAOXIN HOLDINGS LIMITED 昊鑫控股有限公司

(Exact name of Registrant as specified in its charter)

 

Room 901, No.1 Xingye Yi Road

Ningbo Free Trade Zone

Ningbo, Zhejiang Province 315807

People’s Republic of China

+86 574-87865995

(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 ☐

 

 

 

 

 

Resignations of Independent Directors

 

On June 23, 2026, Bangjie Hu tendered his resignation as an independent director and the Chair of Audit Committee, a member of Nominating and a member of Compensation Committee of Haoxin Holdings Limited (the “Company”). On June 23, 2026, Mikael Charette tendered his resignation as an independent director and the Chair of Compensation Committee, a member of Nominating and a member of Audit Committee of the Company. Both Bangjie Hu and Mikael Charette’s resignations became effective on July 8, 2026.

 

Appointment of Independent Directors

 

To fill the vacancies created by the resignations of Mr. Mikael Charette, on July 20, 2026, the Board appointed Mr. Ro Phansalkar as independent director and the Chair of Compensation Committee, a member of Nominating and a member of Audit Committee of the Company. On July 20, 2026, the Board also appointed Ms. Mengzhi Wang as independent director, and the Chair of Audit Committee, a member of Nominating and a member of Compensation Committee of the Company to fill the vacancies created by the resignations of Mr. Bangjie Hu.

 

The biographical information of each of Mr. Ro Phansalkar and Ms. Mengzhi Wang is set forth below:

 

Mr. Ro Phansalkar has had a long and distinguished career in Investment Banking. He was a Partner and Co-Head of the Energy Finance Group at Shearson American Express, a Managing Director of Bear Stearns & Co., a Managing Director and the Head of Energy Finance Group at Oppenheimer & Co, where he was also in charge of expanding Oppenheimer’s business in Asia. Mr. Ro Phansalkar was the Founding Chairman of NYSE listed The India Fund. He was also the Founder, Vice Chairman and CEO of Newbridge Capital, a firm primarily focused on private equity transactions. Mr. Ro Phansalkar served as the Chairman and the CEO of Osicom Technologies, an optical networking company listed on the NASDAQ. Currently, Mr. Ro Phansalkar is the Chairman and CEO of RKP Capital, Inc., a merchant banking and financial advisory boutique. Over the years, Mr. Ro Phansalkar has served as a Non- Executive Director of numerous public and/or private corporations and organizations. Mr. Ro Phansalkar received a BS Engineering degree from Michigan Technological University and an MBA from Harvard Business School.

 

Ms. Mengzhi Wang, 33years old, has served as Chief Financial Officer of Hangzhou Haiduo Investment Management Co., Ltd. since 2018, where she is responsible for the company’s overall financial management, corporate governance, and financial risk control. Since 2018, she has also served as Chief Executive Officer of Hangzhou HiBox Technology Co., Ltd., overseeing its overall operations, financial management, and internal control and compliance systems. From 2021 to 2026, Ms. Mengzhi Wang was responsible for the financial management and operational governance of Daliangqing (Hangzhou) Technology Co., Ltd. In 2024, she co-founded Zhongjie Meitong Securities Investment Consulting (Wuhan) Co., Ltd., where she led the establishment of the company’s financial risk management framework and oversaw financial systems, compliance, and capital management. Ms. Mengzhi Wang received a Master’s degree in Management from China Jiliang University in 2018 and is an International Certified Public Accountant (ICPA).

 

Neither Mr. Ro Phansalkar nor Ms. Mengzhi Wang has a family relationship with any director or executive officer of the Company. They have not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K. The Board has determined that each of Mr. Ro Phansalkar and Ms. Mengzhi Wang is an “independent director” as defined under Nasdaq Listing Rule 5605(a)(2).

 

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Additional 180 Calendar Days Extension Until December 14, 2026 Granted by NASDAQ to Regain Compliance with the Minimum Bid Price Requirement.

 

As previously disclosed in the Form 6-K furnished on December 17, 2025, Haoxin Holdings Limited (the “Company”) received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) on December 15, 2025 indicating that the closing bid price of the Company’s Class A Ordinary Shares had been below US$1.00 per share for the 31 consecutive business days from October 30, 2025, to December 12, 2025 and that, as a result, the Company is no longer in compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company was provided 180 calendar days, or until June 15, 2026, to regain compliance with the Nasdaq continued listing requirement. The Company did not regain compliance with the minimum $1.00 bid price per share requirement during the first 180-calendar-day compliance period and submitted a written request to the Nasdaq’s staff to provide it with an additional 180 calendar days compliance period to cure the deficiency.

 

On June 15, 2026, the Company submitted a request to Nasdaq for an additional 180 calendar days extension to regain compliance with the minimum bid price requirement.

 

On June 17, 2026, the Company received a letter from Nasdaq advising that the Company had been granted an additional 180 calendar days extension, or until December 14, 2026, to regain compliance with the minimum bid price requirement. Nasdaq’s determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Capital Market with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

 

If at any time during this additional time period the closing bid price of the Company’s security is at least $1 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed. However, Nasdaq may, in its discretion, require the Company to maintain a bid price of at least $1.00 for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. In addition, if the Company chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to the expiration date in order to timely regain compliance.

 

The Company will continue to monitor the closing bid price of its Class A Ordinary Shares and may, if appropriate, consider implementing available options, including implementing a reverse stock split, to regain compliance with the minimum bid price requirement. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement during this 180 calendar days extension or meet the other continued listing requirements of Nasdaq. If the Company does not regain compliance within the additional compliance period, Nasdaq will provide notice that the Company’s securities will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel, although there can be no assurance that such an appeal would be successful.

 

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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.

 

Dated: July 24, 2026

 

  Haoxin Holdings Limited
   
  By: /s/ Zhengjun Tao
    Zhengjun Tao
    Chief Executive Officer

 

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