X3 Holdings (Nasdaq: XTKG) faces delisting from Nasdaq due to its stock closing below $1 for 32 consecutive business days. The company’s recent one-for-six reverse stock split made it ineligible for the standard 180-day compliance period. XTKG has requested a hearing before the Nasdaq Hearings Panel to appeal the decision and temporarily stay the suspension, though there’s no guarantee of success.
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X3 Holdings seeks Nasdaq hearing after delisting notice over $1 rule
X3 Holdings (Nasdaq: XTKG) faces delisting from Nasdaq due to its stock closing below $1 for 32 consecutive business days. The company’s recent one-for-six reverse stock split made it ineligible for the standard 180-day compliance period. XTKG has requested a hearing before the Nasdaq Hearings Panel to appeal the decision and temporarily stay the suspension, though there’s no guarantee of success.