Pheton Holdings Faces Nasdaq Listing Requirements: 180-Day Compliance Period for Minimum Bid Price Deficiency.

Pheton Holdings Ltd, a healthcare solution provider, has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's Class A ordinary shares have not met the continued listing requirement of Nasdaq under Listing Rules 5550(a)(2) for the last 30 consecutive business days. Nasdaq has provided a 180-day compliance period to regain compliance, with an option for an additional 180 days if the company meets other listing standards. The company is evaluating options to regain compliance and intends to timely regain compliance with Nasdaq's continued listing requirement.