Quhuo (QH) accepts Nasdaq conditions, pausing external financing for one year

Rhea-AI Filing Summary

Quhuo Limited reports that a Nasdaq Hearings Panel has conditionally allowed its shares to remain listed, provided the company meets several conditions in the Panel Decision.

As part of those conditions, Quhuo publicly commits that it does not intend to conduct any external financing activities for one year, through May 13, 2027. The company cautions there is no assurance it will satisfy all Panel conditions or maintain compliance with Nasdaq listing rules during the Discretionary Panel Monitor Period.

Positive

• None.

Negative

• Quhuo Limited commits to no external financing activities for one year ending May 13, 2027, which may limit its ability to raise fresh capital if conditions deteriorate.
• Continued Nasdaq listing remains conditional, and the company warns there is no assurance it can satisfy the Panel Decision terms or maintain compliance during the Discretionary Panel Monitor Period.

Insights

Equity and listing risk analyst

Quhuo accepts a year-long financing pause to keep its Nasdaq listing, adding compliance and liquidity risk.

Quhuo Limited has obtained conditional relief from a Nasdaq Hearings Panel, which allows continued listing only if it meets specified conditions, including a commitment not to pursue external financing for one year ending May 13, 2027.

This restriction may limit access to new equity or debt capital from outside sources during that period, potentially constraining flexibility if business conditions change. At the same time, failure to meet the broader Panel conditions could still jeopardize its Nasdaq status.

The company explicitly warns there is no assurance it will satisfy the Panel Decision conditions or maintain compliance with Nasdaq rules during the Discretionary Panel Monitor Period. Future disclosures will clarify whether Nasdaq requirements are being met and if the listing remains in good standing.

Key Figures

Financing blackout period: One year ending May 13, 2027 Filing month: May 2026

2 metrics

Financing blackout period One year ending May 13, 2027 Company’s stated intention not to conduct external financing activities

Filing month May 2026 Report of Foreign Private Issuer period

Key Terms

Nasdaq Hearings Panel, Panel Decision, Discretionary Panel Monitor Period, forward-looking statements, +2 more

6 terms

Nasdaq Hearings Panel regulatory

"Quhuo Limited received a written notice of the Nasdaq Hearings Panel’s decision"

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.

Panel Decision regulatory

"conditionally granting the Company’s request for continued listing ... subject to the conditions set forth in the Panel Decision"

Discretionary Panel Monitor Period regulatory

"maintain compliance with Nasdaq listing rules during the Discretionary Panel Monitor Period"

forward-looking statements regulatory

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

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.

Form F-3 regulatory

"incorporated by reference into the registration statements on Form F-3, as amended"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

Form S-8 regulatory

"incorporated by reference into the registration statements on ... Form S-8"

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

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

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 a Form 6-K filed with the Securities and Exchange Commission on May 22, 2026, Quhuo Limited (the “Company”) received a written notice of the Nasdaq Hearings Panel’s decision (the “Panel Decision”), conditionally granting the Company’s request for continued listing on The Nasdaq Stock Market, subject to the Company’s compliance with certain conditions set forth in the Panel Decision, including the Company’s public disclosure that it does not intend to conduct any external financing activities for a period of one year. The Company hereby commits that the Company does not intend to conduct any external financing activities for a period of one year, ending May 13, 2027.

There can be no assurance that the Company will be able to satisfy the conditions as set forth in the Panel Decision.

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.

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.

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

Date: May 27, 2026 

2

FAQ

What did Quhuo Limited (QH) report in its May 2026 Form 6-K?

Quhuo Limited reported that a Nasdaq Hearings Panel conditionally allowed its continued listing, subject to several conditions. A key requirement is publicly committing to avoid external financing activities for one year while the company works to satisfy all Panel Decision terms.

How long will Quhuo Limited avoid external financing activities?

Quhuo committed that it does not intend to conduct any external financing activities for one year, ending May 13, 2027. This pledge is part of conditions tied to a Nasdaq Hearings Panel decision that conditionally permits the company’s continued listing on The Nasdaq Stock Market.

Why did Quhuo Limited make a one-year no external financing commitment?

The one-year no external financing commitment is a condition in a Nasdaq Hearings Panel Decision that granted Quhuo Limited conditional continued listing. By publicly stating this intention, the company seeks to comply with the Panel’s requirements to keep its shares trading on Nasdaq.

Is Quhuo Limited’s continued Nasdaq listing now guaranteed?

No, Quhuo explicitly states there can be no assurance it will satisfy all conditions in the Panel Decision. The company also notes uncertainty about maintaining compliance with Nasdaq listing rules during the Discretionary Panel Monitor Period, so listing risk remains present.

How does the Form 6-K affect Quhuo Limited’s existing registration statements?

This Form 6-K is incorporated by reference into Quhuo’s existing Form F-3 and Form S-8 registration statements. That means the information, including its Nasdaq-related commitments and risks, becomes part of those registration statements unless later superseded by subsequent filings.