Kaixin Auto Holdings' warrants to be delisted from Nasdaq after no appeal filed
Kaixin Auto Holdings (KXIN) said it did not appeal a Nasdaq notice over non-compliance with listing rule IM-5101-2 for its warrants, so Nasdaq will delist the warrants. The company's ordinary shares, which trade under KXIN on the Nasdaq Capital Market, are not affected by the warrant delisting.
- Nasdaq announced on June 21, 2019 that it will delist the Company's warrants.
- Trading in the warrants was set to be suspended at the opening of business on June 11, 2019 unless the Company requested an appeal.
- The Company did not appeal; Nasdaq will file a Form 25 with the SEC, and the delisting takes effect ten days after that filing.
- Ordinary shares under the ticker KXIN continue to trade on the Nasdaq Capital Market.