Highway Holdings Limited (NASDAQ: HIHO) has been granted a 180-day extension to regain compliance with Nasdaq’s minimum bid price requirement, the company said Monday.
Under Nasdaq Listing Rule 5810(c)(3)(A), the company must maintain a closing bid price of at least $1.00 per share for ten consecutive business days by March 15, 2027. Common shares will continue trading under the ticker HIHO during the extension period.
Nasdaq cited Highway Holdings’ continued satisfaction of the market value of publicly held shares requirement and all other initial listing criteria for the Nasdaq Capital Market, aside from the bid price provision.
In its notice, the company indicated it intends to cure the deficiency during the second compliance period and may pursue a reverse stock split if necessary. It cautioned that there can be no assurance it will successfully regain or maintain compliance with Nasdaq’s listing standards.
Highway Holdings operates as an international manufacturer of parts and products for equipment manufacturers, primarily based in Germany. The company runs manufacturing facilities in Germany, Yangon in Myanmar, and Shenzhen in China, with its administrative office in Hong Kong.
