$LXOct 16, 2026, 4:30 PM ETAI processed
Lexin (LX) gets Nasdaq notice for ADS price below $1, given until Apr 12, 2027 to regain compliance
AI Summary
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.
Positives
- Notice is procedural and does not immediately affect listing or SEC reporting status
- ADSs will continue to trade on the Nasdaq Global Select Market during the cure period
- Company is considering concrete remediation options, including adjusting ADS-to-ordinary share ratio
Negatives
- Closing bid price was below $1.00 for the review period (Sept 1–Oct 13, 2026)
- Must meet $1.00 bid requirement for ten consecutive business days by Apr 12, 2027 or face potential delisting
- Company cautioned there is no assurance it will be able to regain compliance