Quhuo Ltd (NASDAQ:QH) announced it has been granted continued listing on the Nasdaq exchange, following a decision by a Nasdaq Hearings Panel. The company disclosed the update in a press release based on a filing with the U.S. Securities and Exchange Commission.
According to the filing, Quhuo's American Depositary Shares (ADSs) were previously suspended from trading on April 6, 2026, after the shares closed at $0.10 or less for ten consecutive trading days. The company appeared before the Nasdaq Hearings Panel on May 5, 2026, to present its plan to regain compliance.
On May 18, 2026, Quhuo received the panel's decision, which granted continued listing subject to several conditions. By May 26, 2026, Quhuo must file an application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The company must also publicly disclose its commitment not to conduct any external financing activities for one year by the same deadline. Additionally, through September 23, 2026, Quhuo is restricted from issuing any ADSs, common stock, or related convertible securities in external financings.
Quhuo completed a 1-for-30 reverse stock split of its ADSs on April 27, 2026. As of May 13, 2026, the closing bid price of the company's ADSs had remained above $1.00 per share for 13 consecutive trading days, bringing the company back into compliance with the Nasdaq minimum bid price rule.
On Friday, Quhuo filed an application to transfer its listing to the Nasdaq Capital Market. If approved, the company's ADSs will continue to trade under the symbol "QH," and Quhuo stated it does not expect this transfer to materially affect the trading of its securities.
Following compliance with the panel's conditions and submission of a reinstatement form, trading in Quhuo's ADSs may resume on Nasdaq. The company will be subject to a discretionary panel monitor until May 13, 2027, during which it must maintain compliance with all Nasdaq listing standards or face immediate delisting proceedings.
