Quhuo Faces Nasdaq Delisting After ADSs Hit $0.10 for 10 Trading Days
March 27, 2026 Quhuo received a Nasdaq delisting notice after its ADSs closed at $0.10 or below for 10 trading days, triggering ADS trading suspension on April 6. The company plans to appeal by the April 6 hearing deadline but faces uncertainty over a successful outcome.
1. Nasdaq Delisting Determination
On March 27, 2026 Quhuo Limited received a Staff Delisting Determination Letter from the Nasdaq Listing Qualifications Department notifying it that its ADSs had closed at $0.10 or below for 10 consecutive trading days through March 25, failing to meet the minimum bid price requirement.
2. Trading Suspension Details
Unless Quhuo requests a hearing under Nasdaq Listing Rule 5815 by 4:00 p.m. Eastern Time on April 6, 2026, the ADSs will be suspended at the opening of business on April 6 and Nasdaq will file a Form 25-NSE to remove the ADSs from listing and registration.
3. Appeal Process and Uncertainty
The company intends to appeal the delisting determination to the Nasdaq Hearings Panel by the April 6 deadline, but a timely appeal will not stay the trading suspension and there is no assurance that the appeal will be successful.