Nasdaq Delists Top KingWin Ltd's Shares Due to Low Bid Price; Hearing Request in Progress
PorAinvest
viernes, 22 de agosto de 2025, 4:06 pm ET1 min de lectura
WAI--
Top KingWin is not eligible for the standard 180-day compliance period due to a previous reverse stock split in May 2025 [1]. The company has already secured shareholder approval for another reverse stock split to regain compliance [1]. However, the effectiveness of this strategy is questionable given the failure of the previous split to address the underlying valuation issues.
If no appeal is made by August 25, 2025, trading of Top KingWin's ordinary shares will be suspended at the opening of business on August 27, 2025, and the company's securities will be removed from Nasdaq [1]. This delisting would force trading to over-the-counter markets, potentially resulting in reduced liquidity, institutional investor exodus, decreased analyst coverage, and potential loan covenant violations [1].
For Chinese companies like Top KingWin, maintaining U.S. exchange listings has become increasingly challenging amid heightened regulatory scrutiny from both countries [1]. The delisting notice represents a critical inflection point for the company's future as a publicly traded entity in U.S. markets.
References:
[1] https://www.stocktitan.net/news/WAI/top-king-win-ltd-received-nasdaq-delisting-notice-subject-to-hearing-x0czamdajlxi.html
Top KingWin Ltd. received a Nasdaq delisting notice due to a bid price below $1 per share for 30 consecutive business days. The company has 7 days to request a hearing, which would stay the suspension of trading. If no appeal is made, trading will be suspended and the company's securities will be removed from Nasdaq. Top KingWin has secured shareholder approval for a reverse stock split to regain compliance.
Top KingWin Ltd. (NASDAQ: WAI) has received a delisting notice from Nasdaq due to its stock price closing below $1 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2) [1]. The company has until August 25, 2025, to request a hearing to appeal the delisting determination and stay the suspension of trading [1].Top KingWin is not eligible for the standard 180-day compliance period due to a previous reverse stock split in May 2025 [1]. The company has already secured shareholder approval for another reverse stock split to regain compliance [1]. However, the effectiveness of this strategy is questionable given the failure of the previous split to address the underlying valuation issues.
If no appeal is made by August 25, 2025, trading of Top KingWin's ordinary shares will be suspended at the opening of business on August 27, 2025, and the company's securities will be removed from Nasdaq [1]. This delisting would force trading to over-the-counter markets, potentially resulting in reduced liquidity, institutional investor exodus, decreased analyst coverage, and potential loan covenant violations [1].
For Chinese companies like Top KingWin, maintaining U.S. exchange listings has become increasingly challenging amid heightened regulatory scrutiny from both countries [1]. The delisting notice represents a critical inflection point for the company's future as a publicly traded entity in U.S. markets.
References:
[1] https://www.stocktitan.net/news/WAI/top-king-win-ltd-received-nasdaq-delisting-notice-subject-to-hearing-x0czamdajlxi.html
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