Shineco Inc. Faces Nasdaq Delisting Over Bid Price Non-Compliance, Plans to Appeal

Reuters

23 Jun

Shineco Inc. Faces Nasdaq Delisting Over Bid Price Non-Compliance, Plans to Appeal

Shineco Inc. announced on June 16, 2025, that it received a determination letter from the Nasdaq Stock Market LLC, indicating non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company is not eligible for a compliance period due to a reverse stock split within the past year. Consequently, Shineco's securities are set for suspension from trading on the Nasdaq Capital Market on June 25, 2025, with a Form 25-NSE to be filed with the SEC for delisting. However, Shineco plans to appeal this decision to Nasdaq's Hearings Panel by June 23, 2025. This appeal will temporarily halt the suspension and any further delisting actions. The company's operations and trading remain unaffected by this notification.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shineco Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-015968), on June 23, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Faces Nasdaq Delisting Over Bid Price Non-Compliance, Plans to Appeal","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Shineco Inc. Faces Nasdaq Delisting Over Bid Price Non-Compliance, Plans to Appeal\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Shineco Inc. announced on June 16, 2025, that it received a determination letter from the Nasdaq Stock Market LLC, indicating non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company is not eligible for a compliance period due to a reverse stock split within the past year. Consequently, Shineco's securities are set for suspension from trading on the Nasdaq Capital Market on June 25, 2025, with a Form 25-NSE to be filed with the SEC for delisting. 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Faces Nasdaq Delisting Over Bid Price Non-Compliance, Plans to Appeal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-23 18:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Shineco Inc. 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Faces Nasdaq Delisting Over Bid Price Non-Compliance, Plans to Appeal\n    \n\n        Shineco Inc. announced on June 16, 2025, that it received a determination letter from the Nasdaq Stock Market LLC, indicating non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company is not eligible for a compliance period due to a reverse stock split within the past year. Consequently, Shineco's securities are set for suspension from trading on the Nasdaq Capital Market on June 25, 2025, with a Form 25-NSE to be filed with the SEC for delisting. However, Shineco plans to appeal this decision to Nasdaq's Hearings Panel by June 23, 2025. This appeal will temporarily halt the suspension and any further delisting actions. The company's operations and trading remain unaffected by this notification.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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