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Lexin (LX) gets Nasdaq notice for ADS price below $1, given until Apr 12, 2027 to regain compliance
Lexin (NASDAQ: LX) received a Nasdaq notice saying its ADSs closed below the $1.00 minimum bid price between Sept 1 and Oct 13, 2026 and it has 180 days (until April 12, 2027) to regain compliance by meeting or exceeding $1.00 for at least ten consecutive business days. The notice is procedural and ADSs continue to trade; the company is evaluating options to cure the deficiency (including an ADS-to-Class A share ratio adjustment) but warned there is no assurance it will regain compliance and delisting could follow if it fails to do so.
LexinFintech Q1 2026: revenue and originations rise but net income falls sharply; $39M ADS buyback executed
LX filed SEC Form 6-K. Net income attributable to ordinary shareholders was RMB201 million (down 53.2% YoY; adjusted net income RMB228 million, -51.6% YoY) amid higher provisions, and the company repurchased ~9.6 million ADSs for ~US$39 million under its US$50 million buyback (about US$11 million remaining).