Chijet Motor Company, Inc. announced on February 26, 2025, that it received a Staff determination letter from The Nasdaq Stock Market LLC. The letter notified the company of Nasdaq's determination to delist its securities from The Nasdaq Global Market.
The delisting determination was due to Chijet's failure to regain compliance with two key Nasdaq listing requirements. These include the minimum $50 million market value of its listed securities and the minimum $15 million market value of its publicly held shares.
Chijet stated its intention to appeal the Staff's determination to a Hearings Panel. A hearing request allows the company's Common Stock to continue trading pending the Panel's decision, where Chijet plans to present a compliance plan and request additional time.
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