XCharge Receives Nasdaq Notice for 30-Day Sub-$1 ADS Compliance Breach
XCH•XCharge’s ADS closed below $1.00 per ADS for 30 consecutive business days, prompting Nasdaq to issue a non-compliance notice dated June 24, 2026. The company has until December 21, 2026, and potentially an additional 180-day extension to achieve a minimum $1.00 closing price for 10 straight business days or face delisting.
1. Nasdaq Deficiency Notice
On June 24, 2026, Nasdaq Listing Qualifications Department notified XCharge that its American Depositary Shares closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1). The notice does not affect current trading or reporting obligations.
2. Compliance Deadlines and Extensions
Under Nasdaq Listing Rule 5810(c)(3)(A), XCharge has 180 calendar days—until December 21, 2026—to restore a closing bid price at or above $1.00 for 10 consecutive business days. If the company misses this deadline but meets market value and other listing standards, it may qualify for a second 180-day compliance period.
3. Potential Delisting Risk and Company Strategy
Failure to regain compliance within the allotted periods could trigger delisting proceedings. XCharge intends to monitor its closing bid price closely and evaluate operational or strategic measures to restore compliance before the deadlines.
