Kaixin Auto announced the receipt of a notification letter dated September 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market, notifying Kaixin that, the Nasdaq Staff has determined that for the last 10 consecutive business days, from September 15 through September 28, 2023, the closing bid price of the Company’s ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2).
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