Shineco (Nasdaq: SISI) trading suspended after Nasdaq delisting

Rhea-AI Filing Summary

Shineco, Inc. reports that Nasdaq has affirmed a decision to delist its common stock after the company failed to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). A Nasdaq Hearings Panel denied Shineco’s request for continued listing, and the Nasdaq Listing and Hearing Review Council upheld that decision on October 1, 2025. Nasdaq then lifted its prior stay and suspended trading in Shineco’s common stock effective October 7, 2025.

Shineco has pursued several legal and regulatory avenues to prevent suspension and delisting, including a lawsuit in the U.S. District Court for the Southern District of New York and an emergency petition to the U.S. Court of Appeals for the D.C. Circuit. The District Court dismissed the lawsuit for lack of jurisdiction and the D.C. Circuit denied the emergency petition, allowing Nasdaq’s suspension to take effect. The company intends to appeal the Listing Council’s decision to the SEC and is evaluating additional options, but it warns that there is no assurance it will succeed in resuming trading on a national securities exchange or other platform.

Positive

• None.

Negative

• Shineco’s common stock has been suspended from trading on Nasdaq effective October 7, 2025, following a confirmed decision to delist for failure to meet the minimum bid price requirement.
• Multiple legal efforts to block the suspension and delisting, including a federal lawsuit and an emergency petition to the D.C. Circuit, were denied, and the company warns there is no assurance it can resume trading on a national exchange.

Insights

Equity market structure analyst

Loss of Nasdaq listing and failed injunctions are a clear negative.

Shineco, Inc. discloses that Nasdaq has affirmed a decision to delist its common stock for failing to meet the minimum bid price requirement under Listing Rule 5550(a)(2). A Nasdaq Hearings Panel denied continued listing, and the Nasdaq Listing and Hearing Review Council upheld that decision on October 1, 2025, after which Nasdaq suspended trading effective October 7, 2025.

The company has attempted multiple legal and regulatory routes to prevent suspension and delisting. These include a lawsuit in the U.S. District Court for the Southern District of New York seeking a temporary restraining order, which was denied and dismissed for lack of jurisdiction, and an emergency petition to the U.S. Court of Appeals for the D.C. Circuit, which was also denied. These outcomes indicate that near-term relief through the courts has not been obtained.

Shineco plans to appeal the Listing Council’s decision to the SEC under Sections 19(d) and 19(f) of the Exchange Act and states it is evaluating all available options, but explicitly notes that no assurance can be given about the outcome or its ability to resume trading on a national securities exchange or other platform. Actual impact for shareholders will depend on the eventual resolution of the SEC appeal and any future trading venue arrangements, which are not specified here.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): October 1, 2025

SHINECO, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-37776		52-2175898
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification Number)

Room 603B, Building A, Oriental Media Center,

Chaoyang District, Beijing,

People’s Republic of China, Postcode: 100025.

(Address of principal executive offices)

Registrant’s telephone number, including area code (+86) 10-87227366

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		SISI		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;

Transfer of Listing.

As previously reported, on June 16, 2025, Shineco Inc. (“Shineco” or the “Company”) received a staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) (“Bid Price Rule”) for continued listing on Nasdaq. The Letter stated that, unless the Company timely requested a hearing before a Nasdaq Hearings Panel (the “Panel”), trading of the Company’s securities would be suspended at the opening of business on June 25, 2025. The Company submitted a timely request for a hearing on June 23, 2025.

The Panel conducted the hearing on July 24, 2025, during which the Company presented its case regarding its non-compliance with the Bid Price Rule. On July 25, 2025, the Company received a letter from the Panel denying its request for continued listing. Nasdaq subsequently notified the Company that trading in its common stock would be suspended effective July 29, 2025 (the “Panel Decision”).

On July 28, 2025, the Company received notice that the Nasdaq Listing and Hearing Review Council (the “Listing Council”), pursuant to its authority under Nasdaq Listing Rule 5820(b), had called the matter for review and granted a stay of the Panel Decision pending the outcome of that review, thereby staying the suspension of trading and delisting of the Company’s common stock pending further review by the Listing Council (the “Listing Council Letter”).

Following its review, the Listing Council issued its decision on October 1, 2025, affirming the Panel’s decision to delist the Company’s securities (the “Listing Council Decision”). On October 3, 2025, Nasdaq informed the Company that the stay had been lifted and that trading in the Company’s common stock would be suspended effective at the open of trading on Tuesday, October 7, 2025.

The Company has indicated its intent to appeal the Listing Council’s decision to the Securities and Exchange Commission (“SEC”) pursuant to Sections 19(d) and 19(f) of the Securities Exchange Act of 1934, as amended. In the interim, on October 6, 2025, the Company filed an emergency petition with the United States Court of Appeals for the D.C. Circuit, seeking to enjoin Nasdaq from implementing the trading suspension pending resolution of the SEC appeal. The Company sought interim judicial relief due to the ongoing U.S. federal government shutdown, which has effectively halted the SEC’s ability to process or act upon filings in administrative proceedings. The Company’s petition was denied, and Nasdaq’s suspension of trading in the Company’s common stock took effect on October 7, 2025.

Item 8.01 Other Events.

On July 28, 2025, the Company, along with two of its shareholders (collectively, “Plaintiffs”), initiated legal proceedings against Nasdaq in the United States District Court for the Southern District of New York (Civil Action No. 1:25-cv-6159) (the “Lawsuit”). The Lawsuit sought an expedited Temporary Restraining Order (“TRO”) to enjoin Nasdaq from suspending trading and delisting the Company’s common stock (“Lawsuit”), citing prospective irreparable harm and other grounds.

Shortly after the filing, the Company received the Listing Council Letter granting a stay of the Panel Decision. Consequently, the Plaintiffs withdrew their motion for the TRO.

Following the Listing Council Decision on October 1, 2025, the Company filed a renewed Emergency Motion for a Temporary Restraining Order and Preliminary Injunction, along with an Amended Complaint, on October 3, 2025 (the “Renewed TRO”). On October 4, 2025, the District Court denied the Renewed TRO without prejudice and dismissed the Lawsuit for lack of jurisdiction.

On October 6, 2025, the Company filed an emergency petition with the United States Court of Appeals for the D.C. Circuit, seeking an order to prohibit Nasdaq from suspending trading of Shineco’s common stock pending the Company’s appeal of the Listing Council Decision to the SEC. The petition was denied, and Nasdaq’s suspension of trading in the Company’s common stock took effect on October 7, 2025.

The Company continues to evaluate all available options in response to the delisting determination and related developments. While the Company has taken certain legal and regulatory actions to challenge the delisting, it reserves the right to pursue any additional remedies, strategies, or corporate actions it deems appropriate in the future. No assurance can be given regarding the outcome of any pending or future proceedings, or the Company’s ability to resume trading on a national securities exchange or any other trading platform.

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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 hereunto duly authorized.

	Shineco, Inc.
	By:	/s/ Jennifer Zhan
		Jennifer Zhan
		Chief Executive Officer

Date: October 7, 2025

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FAQ

What did Shineco, Inc. (SISI) disclose in this 8-K filing?

Shineco, Inc. disclosed that Nasdaq has affirmed a decision to delist its common stock for not meeting the minimum bid price requirement, and that trading on Nasdaq was suspended effective October 7, 2025, after legal and regulatory challenges failed to prevent the suspension.

Why is Shineco, Inc. (SISI) being delisted from Nasdaq?

Shineco, Inc. is being delisted because it failed to comply with Nasdaq Listing Rule 5550(a)(2), which sets a minimum bid price requirement for continued listing. A Nasdaq Hearings Panel denied continued listing, and the Nasdaq Listing and Hearing Review Council later affirmed that decision.

When was trading in Shineco, Inc. (SISI) common stock suspended on Nasdaq?

Nasdaq informed Shineco that trading in its common stock would be suspended effective at the open of trading on Tuesday, October 7, 2025, and the suspension took effect on that date after an emergency petition to the U.S. Court of Appeals for the D.C. Circuit was denied.

What legal actions has Shineco, Inc. (SISI) taken regarding the Nasdaq delisting?

Shineco and two shareholders filed a lawsuit in the U.S. District Court for the Southern District of New York seeking a temporary restraining order to block the suspension and delisting, and later renewed that request. The court denied the renewed motion and dismissed the lawsuit for lack of jurisdiction. Shineco also filed an emergency petition with the U.S. Court of Appeals for the D.C. Circuit, which was denied.

Is Shineco, Inc. (SISI) appealing the Nasdaq Listing Council’s decision?

Yes. Shineco has indicated its intent to appeal the Nasdaq Listing Council’s decision to the Securities and Exchange Commission under Sections 19(d) and 19(f) of the Securities Exchange Act of 1934, while also reserving the right to pursue additional remedies or corporate actions.

What does Shineco, Inc. (SISI) say about its chances of relisting or resuming trading?

Shineco states that it continues to evaluate all available options in response to the delisting determination but cautions that no assurance can be given regarding the outcome of any pending or future proceedings or its ability to resume trading on a national securities exchange or any other trading platform.