Lixiang Education ADS Trade Over $1 for 10 Days, Regains Nasdaq Compliance
Lixiang Education’s ADS closed at or above $1.00 for ten straight business days from May 7–20, 2026, securing compliance with Nasdaq Listing Rule 5450(a)(1). Following a 1-for-10 reverse stock split on April 20, 2026, the company avoided delisting ahead of the May 18 compliance deadline.
1. Regains Nasdaq Compliance
On May 21, 2026, Lixiang Education received notification that its American Depositary Shares had closed at or above $1.00 per share for ten consecutive business days from May 7 to May 20, 2026, meeting Nasdaq Listing Rule 5450(a)(1) and resolving the deficiency.
2. Reverse Stock Split Implementation
The company executed a 1-for-10 reverse stock split effective April 20, 2026, consolidating its ADS to restore the closing bid price to $1.00 or greater and comply with exchange requirements.
3. Listing Rule Background
Nasdaq notified Lixiang Education on November 18, 2025, of its failure to maintain the $1.00 minimum bid price for over 30 business days and granted a 180-day cure period ending May 18, 2026, to regain compliance.
4. Company Overview
Founded in Lishui City, Zhejiang Province, Lixiang Education is a private education service provider specializing in student development and lifelong learning foundation in China.