Form 8-K · Current Report · Filed 2024-10-16
Inno Holdings Inc. Faces Nasdaq Delisting
Inno Holdings Inc. received a delisting notice from The Nasdaq Stock Market as its common stock's bid price fell below the required minimum of $1.00 per share for 30 consecutive business days. The company intends to appeal the decision by the deadline of October 17, 2024. Additionally, on October 8, 2024, the company executed a one-for-ten reverse stock split and expects to regain compliance with Nasdaq's listing standards by October 24, 2024.
- Filer
- Inno Holdings Inc. INHD · NASDAQ
- Filed
- Accession
- 0001493152-24-041298
- CIK
- 0001961847
- Signal
- High impactBasic Materials
- Source
- Official filing on sec.gov ↗
Items reported
Notice of Delisting or Failure to Satisfy a Listing Rule
Market reaction
Close before filing
$2,092.80
Next session
-5.5%
Since filing
-99.1%
Latest close
$18.00
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from INHD reporting the same item, with the next session's move:
About Inno Holdings Inc.
Inno Holdings Inc. is a multinational corporation specializing in innovative technology solutions and providing a broad spectrum of products and services in the tech sector. Serving as a leader in research and development, the company focuses on creating cutting-edge advancements in robotics, artificial intelligence, and semiconductor technologies. Inno Holdings supports various industries, including automotive, consumer electronics, and telecommunications, by offering components and systems that drive efficiency and enhance capabilities. With a strong emphasis on sustainable and smart technologies, the company partners with global enterprises to integrate these solutions into their operating models, thereby impacting product design and user experiences. The significance of Inno Holdings in the market lies in its commitment to driving technological progress and setting industry standards through continuous innovation and strategic collaborations.
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