TIAN RUIXIANG faces Nasdaq suspension and delisting
TIAN RUIXIANG Holdings Ltd reported that Nasdaq has determined its shares met the “Low Priced Stocks Rule” for delisting after the closing bid stayed at or below $0.10 for ten consecutive trading days as of February 27, 2026.
Rhea-AI Filing Summary
TIAN RUIXIANG Holdings Ltd reported that Nasdaq has determined its shares met the “Low Priced Stocks Rule” for delisting after the closing bid stayed at or below $0.10 for ten consecutive trading days as of February 27, 2026. Trading on the Nasdaq Capital Market is scheduled to be suspended at the opening on March 5, 2026, with a Form 25-NSE to remove the shares from Nasdaq listing and registration. A Nasdaq Hearings Panel will review the company’s written response, which is due by March 10, 2026. The company is working with advisors to seek a stay or reinstatement of trading but notes there is no guarantee its shares will remain listed, and it is currently implementing a 1-for-50 reverse stock split of its ordinary shares.
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Insights
Nasdaq has moved to suspend and delist TIRX over a prolonged sub‑$0.10 share price.
TIAN RUIXIANG Holdings Ltd disclosed that Nasdaq deemed its stock subject to the Low Priced Stocks Rule after the closing bid stayed at or below $0.10 for ten straight trading days as of February 27, 2026. This triggers an additional basis for delisting from the Nasdaq Capital Market.
Nasdaq plans to suspend trading on March 5, 2026 and file Form 25-NSE to remove the shares from listing and registration. A Nasdaq Hearings Panel will consider this deficiency, and the company can submit written arguments by March 10, 2026, but the text explicitly states there is no guarantee the shares will remain on Nasdaq.
The company is working with advisors to seek a stay of the suspension or reinstatement of trading and is implementing a 1-for-50 reverse stock split of its ordinary shares. Subsequent company disclosures will clarify whether the Panel grants relief or the delisting proceeds as outlined.
FAQ
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Can TIAN RUIXIANG (TIRX) appeal Nasdaq’s suspension and delisting action?
What listing rule did TIAN RUIXIANG (TIRX) violate to trigger this Nasdaq action?
What is Form 25-NSE in the context of TIAN RUIXIANG (TIRX) delisting?
AI-generated analysis. How Rhea-AI works. Not financial advice.