Quhuo secures conditional Nasdaq continued listing

Quhuo Limited outlines its status with Nasdaq after a prior trading suspension of its American Depositary Shares (“ADSs”).

Rhea-AI Filing Summary

Quhuo Limited outlines its status with Nasdaq after a prior trading suspension of its American Depositary Shares (“ADSs”). Trading was suspended after the ADSs closed at or below $0.10 for ten consecutive trading days. The company implemented a 1-for-30 reverse stock split on its ADSs on April 27, 2026. As of May 13, 2026, after the split, the ADS closing bid price exceeded $1.00 for 13 straight trading days, bringing Quhuo back into compliance with Nasdaq’s bid price rule.

A Nasdaq Hearings Panel granted Quhuo’s request for continued listing, subject to conditions, including an application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, which was filed on May 22, 2026. Trading in the ADSs may resume after the company satisfies the panel’s conditions and submits a reinstatement form. Quhuo will be under a one-year discretionary panel monitor until May 13, 2027; any failure to meet Nasdaq listing standards during this period would trigger immediate delisting proceedings without any further cure period.

Positive

• Bid-price compliance restored: After a 1-for-30 ADS reverse split, Quhuo’s ADS closing bid stayed above $1.00 for 13 consecutive trading days, bringing it back into compliance with Nasdaq’s bid-price rule.

Negative

• Heightened delisting risk under panel monitor: For one year through May 13, 2027, any failure to meet Nasdaq listing standards will trigger immediate delisting proceedings with no opportunity for a cure period or new compliance plan.

Insights

Equity listing and governance analyst

Quhuo regains bid-price compliance but remains under strict Nasdaq oversight.

Quhuo’s ADSs were suspended after trading at or below $0.10 for ten consecutive days, signaling severe market pressure. The company executed a 1-for-30 reverse split, lifting its ADS bid above $1.00 for 13 straight days and restoring compliance with Nasdaq’s bid-price rule.

A Nasdaq Hearings Panel approved continued listing subject to conditions, including a transfer to the Nasdaq Capital Market and formal reinstatement. Quhuo also faces a one-year discretionary panel monitor through May 13, 2027. During this period, any breach of listing standards would lead directly to delisting proceedings with no additional cure period, so the company’s ongoing compliance posture remains critical.

Key Figures

Bid-price violation threshold: $0.10 closing bid for 10 days Reverse stock split ratio: 1-for-30 ADS split Restored bid-price compliance: Above $1.00 for 13 days +1 more

4 metrics

Bid-price violation threshold $0.10 closing bid for 10 days Triggered Nasdaq trading suspension for ADSs

Reverse stock split ratio 1-for-30 ADS split Effective April 27, 2026

Restored bid-price compliance Above $1.00 for 13 days ADS closing bid as of May 13, 2026

Panel monitor period end May 13, 2027 End of one-year discretionary panel monitor

Key Terms

American Depositary Shares, reverse stock split, Nasdaq Capital Market, Discretionary Panel Monitor, +1 more

5 terms

American Depositary Shares financial

"trading in the American Depositary Shares (“ADSs”) of Quhuo Limited"

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.

reverse stock split financial

"The Company effected a 1-for-30 reverse stock split of its ADS"

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.

Nasdaq Capital Market financial

"to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market"

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.

Discretionary Panel Monitor regulatory

"subject to a discretionary panel monitor for a one-year period"

A discretionary panel monitor is a compliance mechanism—either a small oversight group or a software tool—that reviews and checks trades made at a manager’s discretion to ensure they follow investment rules, risk limits and client instructions. For investors it matters because this watchdog helps prevent unauthorized or risky decisions, reduces the chance of loss or regulatory penalties, and protects trust much like a referee or speed governor keeps a game or machine within safe limits.

forward-looking statements regulatory

"This Current Report on Form 6-K includes “forward-looking statements”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

Why were Quhuo (QH) ADSs suspended from Nasdaq trading?

Quhuo’s ADSs were suspended after the closing bid price was $0.10 or less for ten consecutive trading days. This breached Nasdaq’s minimum bid-price requirement, prompting a trading halt and review by a Nasdaq Hearings Panel.

How did Quhuo (QH) regain compliance with Nasdaq’s bid-price rule?

Quhuo executed a 1-for-30 reverse ADS split on April 27, 2026. Following this, the ADS closing bid stayed above $1.00 for 13 consecutive trading days by May 13, 2026, restoring compliance with Nasdaq Listing Rule 5450(a)(1).

What did the Nasdaq Hearings Panel decide about Quhuo’s listing?

On May 18, 2026, a Nasdaq Hearings Panel granted Quhuo’s request for continued listing, subject to specific conditions. These conditions include satisfying panel requirements and completing steps needed for trading reinstatement on a Nasdaq market tier.

Why is Quhuo applying to move from Nasdaq Global Market to Nasdaq Capital Market?

On May 22, 2026, Quhuo applied to transfer its ADS listing to the Nasdaq Capital Market. The company expects its ADSs to continue trading under the symbol “QH” and does not anticipate any material impact on trading if the transfer is approved.

What is the one-year discretionary panel monitor for Quhuo (QH)?

Quhuo is subject to a discretionary panel monitor through May 13, 2027, during which it must meet all Nasdaq listing standards. Any failure will trigger immediate delisting proceedings, without a chance to submit a new compliance plan or receive a cure period.

Can Quhuo guarantee continued Nasdaq listing during the monitor period?

No, Quhuo explicitly states there is no assurance it will maintain compliance with Nasdaq rules during the discretionary panel monitor period. If compliance lapses, the company would face immediate delisting proceedings under the panel’s terms.

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

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/22/2026 - 04:15 PM Learn about SEC filing dates

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 May 2026

Commission File Number 001-39354 

Quhuo Limited 

3F, Building A, Xin’anmen, No. 1 South Bank

Huihe South Street, Chaoyang District Beijing,

People’s Republic of China

+86 (10) 5923-6208

(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

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

As previously disclosed on April 2, 2026, trading in the American Depositary Shares (“ADSs”) of Quhuo Limited (the “Company”) was suspended by The Nasdaq Stock Market LLC (“Nasdaq”) effective as of the open of trading on April 6, 2026, following a determination by Nasdaq that the Company’s ADSs had a closing bid price of $0.10 or less for ten consecutive trading days.

On May 5, 2026, the Company appeared before a Nasdaq Hearings Panel (the “Panel”) to present its plan of compliance and request continued listing. On May 18, 2026, the Company received a written notice of the Panel’s decision (the “Panel Decision”), granting the Company’s request for continued listing on Nasdaq, subject to the following conditions:

1. On or before May 26, 2026, the Company shall file an application with Listing Qualifications Staff to transfer its listing to The Nasdaq Capital Market;

2. On or before May 26, 2026, the Company shall publicly disclose its commitment, as described to the Panel, that the Company does not intend to conduct any external financing activities for a period of one year; and

3. Through September 23, 2026, the Company shall not issue any ADS or common stock, or securities convertible or exercisable for ADS or common stock, in external financings. Should the Company fail to maintain compliance with this listing requirement prior to this date, the Panel would permit the Company to provide a written statement within seven days of the deficiency notification regarding such matter and the Panel will consider such statement.

The Company effected a 1-for-30reverse stock split of its ADS on April 27, 2026 (the “ADS split”). As of May 13, 2026, following the ADS split, the closing bid price of the Company’s ADSs had been above $1.00 per share for 13 consecutive trading days, and thus the Company had regained compliance with respect to the bid price rule requirement as set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules.

On May 22, 2026, the Company has filed an application with Nasdaq’s Listing Qualifications Staff to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market. If the transfer is approved, the Company’s ADSs will continue to trade under the symbol “QH” and the Company does not expect the transfer to the Nasdaq Capital Market to have any material impact on the trading of its securities.

After the Company satisfies conditions 1 and 2 above and submits a reinstatement of suspended company form to Nasdaq, trading in the Company’s ADSs may resume on Nasdaq.

The Company is subject to a discretionary panel monitor for a one-year period, ending May 13, 2027 (the “Discretionary Panel Monitor”). During this monitoring period, the Company is required to maintain compliance with all applicable Nasdaq listing standards. If the Company fails to maintain such standards, it will not be permitted to provide a plan of compliance, and Nasdaq will not grant any cure or compliance period. The Company will be subject to immediate delisting proceedings.

1

There can be no assurance that the Company will be able to maintain compliance with applicable Nasdaq listing rules during the Discretionary Panel Monitor Period.

Forward-Looking Statements

This Current Report on Form 6-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements are subject to certain risks and uncertainties that may cause the Company’s actual results to differ from the expectations expressed in the forward-looking statements. There can be no assurance that the Company will achieve such expectations, including the Company’s ability to satisfy the conditions of the Panel Decision, obtain reinstatement of trading, and maintain compliance with Nasdaq listing rules during the Discretionary Panel Monitor Period. The forward-looking statements contained in this report speak only as of the date of this report and the Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events or circumstances after the date of this report, unless required by law.

INCORPORATION BY REFERENCE

This Report on Form 6-K is incorporated by reference into the registration statements on Form F-3, as amended (File Nos. 333-273087 and 333-281997) and Form S-8 (File Nos. 333-248884 and 333-294951), of Quhuo Limited and shall be deemed a part thereof from the date on which this Report on Form 6-K is furnished, to the extent not superseded by subsequently filed or furnished documents or reports.

2

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.

	Quhuo Limited
	By:	/s/ Leslie Yu
	Name:	Leslie Yu
	Title:	Chairman and Chief Executive Officer

Date: May 22, 2026 

3