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Haoxin Holdings Receives Nasdaq Noncompliance Notification

Benzinga·12/17/2025 21:06:07
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Haoxin Holdings Limited (Nasdaq: HXHX) ("Haoxin" or the "Company") today announced that on December 15, 2025, it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the Minimum Bid Price Requirement set forth in Nasdaq Listing Rule 5550(a)(2).

The notification was issued because the closing bid price of the Company's Class A ordinary shares was below US$1.00 per share for 31 consecutive business days, from October 30, 2025, to December 12, 2025. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Nasdaq notification letter has no immediate effect on the listing of the Company's Class A ordinary shares, which will continue to trade on The Nasdaq Capital Market under the ticker symbol "HXHX."