X3 Holdings Receives Extension to Regain Compliance with the Nasdaq's Minimum Bid Price Requirement
X3 Holdings Co., (Nasdaq: XTKG), a global digital solutions and technology services provider, has received a 180-day extension from Nasdaq to regain compliance with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market. The new deadline is April 7, 2025. To comply, XTKG's closing bid price must be at least $1.00 for a minimum of 10 consecutive business days before the deadline.
The company plans to monitor its closing bid price and effectuate a reverse stock split, subject to shareholder approval at the annual general meeting on November 4, 2024. XTKG expects these actions will help address the short-term adverse effects on its trading price and cure the deficiency. The extension does not immediately impact XTKG's listing, trading operations, or ordinary shares, which continue to trade on Nasdaq under the ticker 'XTKG'.
X3 Holdings Co. (Nasdaq: XTKG), un fornitore globale di soluzioni digitali e servizi tecnologici, ha ricevuto un prolungamento di 180 giorni da Nasdaq per ripristinare la conformità con il requisito del prezzo minimo di offerta di $1.00 per la continuazione della quotazione nel Nasdaq Capital Market. La nuova scadenza è il 7 aprile 2025. Per essere in regola, il prezzo di chiusura dell'offerta di XTKG deve essere almeno $1.00 per un minimo di 10 giorni lavorativi consecutivi prima della scadenza.
La compagnia prevede di monitorare il prezzo di chiusura dell'offerta e di effettuare uno split azionario inverso, soggetto all'approvazione degli azionisti durante l'assemblea generale annuale del 4 novembre 2024. XTKG si aspetta che queste azioni aiutino a affrontare gli effetti negativi a breve termine sul suo prezzo di trading e a risolvere la carenza. L'estensione non influisce immediatamente sulla quotazione di XTKG, sulle operazioni di trading o sulle azioni ordinarie, che continuano a essere scambiate su Nasdaq con il ticker 'XTKG'.
X3 Holdings Co. (Nasdaq: XTKG), un proveedor global de soluciones digitales y servicios tecnológicos, ha recibido una prórroga de 180 días de Nasdaq para recuperar el cumplimiento con el requisito de precio mínimo de oferta de $1.00 para continuar listado en el Nasdaq Capital Market. La nueva fecha límite es el 7 de abril de 2025. Para cumplir, el precio de cierre de la oferta de XTKG debe ser al menos $1.00 durante un mínimo de 10 días hábiles consecutivos antes de la fecha límite.
La compañía planea monitorear el precio de cierre de la oferta y realizar un desdoblamiento de acciones inverso, sujeto a la aprobación de los accionistas en la reunión general anual del 4 de noviembre de 2024. XTKG espera que estas acciones ayuden a abordar los efectos adversos a corto plazo sobre su precio de negociación y a sanar la deficiencia. La prórroga no afecta inmediatamente la cotización de XTKG, sus operaciones de negociación, ni sus acciones ordinarias, que continúan cotizando en Nasdaq bajo el ticker 'XTKG'.
X3 Holdings Co. (Nasdaq: XTKG), 글로벌 디지털 솔루션 및 기술 서비스 제공업체,는 Nasdaq으로부터 180일 연장을 받아 지속 상장에 필요한 최소 $1.00 입찰 가격 요건을 충족해야 합니다. 새로운 마감일은 2025년 4월 7일입니다. 규정을 준수하기 위해서는 XTKG의 종가가 마감일까지 최소 10일 연속으로 $1.00 이상이어야 합니다.
회사는 종가를 모니터링할 예정이며, 주식 분할 반전을 시행할 계획입니다. 이는 2024년 11월 4일 연례 총회에서 주주 승인이 필요합니다. XTKG는 이러한 조치가 단기적인 거래 가격 악영향을 해소하고 결함을 해결하는 데 도움이 될 것으로 예상하고 있습니다. 이번 연장은 XTKG의 상장, 거래 운영 또는 보통주에 즉각적인 영향을 미치지 않으며, XTKG라는 티커 아래에서 Nasdaq 거래가 계속됩니다.
X3 Holdings Co. (Nasdaq: XTKG), un fournisseur mondial de solutions numériques et de services technologiques, a reçu une extension de 180 jours de la part de Nasdaq pour retrouver la conformité avec l'exigence de prix d'offre minimum de $1,00 pour le maintien de sa cotation sur le Nasdaq Capital Market. La nouvelle date limite est le 7 avril 2025. Pour être conforme, le prix de clôture de l'offre de XTKG doit être d'au moins $1.00 pendant un minimum de 10 jours ouvrés consécutifs avant la date limite.
L'entreprise prévoit de surveiller son prix de clôture et de réaliser un regroupement d'actions inversé, sous réserve de l'approbation des actionnaires lors de l'assemblée générale annuelle du 4 novembre 2024. XTKG s'attend à ce que ces actions contribuent à atténuer les effets négatifs à court terme sur son prix de trading et à corriger le défaut. L'extension n'a pas d'impact immédiat sur la cotation d'XTKG, les opérations de négociation ou les actions ordinaires, qui continuent à être échangées sur Nasdaq sous le ticker 'XTKG'.
X3 Holdings Co. (Nasdaq: XTKG), ein globaler Anbieter von digitalen Lösungen und Technologiedienstleistungen, hat von Nasdaq eine 180-tägige Fristverlängerung erhalten, um die Mindestanforderung von $1,00 für den Angebotspreis für die Fortführung der Notierung im Nasdaq Capital Market zu erfüllen. Die neue Frist endet am 7. April 2025. Um compliant zu sein, muss der Schlusskurs von XTKG mindestens 10 aufeinanderfolgende Handelstage vor der Frist bei mindestens $1,00 liegen.
Das Unternehmen plant, den Schlusskurs zu überwachen und einen reverse Stock Split durchzuführen, vorbehaltlich der Zustimmung der Aktionäre bei der Hauptversammlung am 4. November 2024. XTKG erwartet, dass diese Maßnahmen helfen werden, die kurzfristigen negativen Auswirkungen auf den Handelspreis zu adressieren und die Defizite zu beheben. Die Verlängerung hat keine sofortigen Auswirkungen auf die Notierung, den Handel oder die Stammaktien von XTKG, die weiterhin unter dem Ticker 'XTKG' an der Nasdaq gehandelt werden.
- Received 180-day extension to regain compliance with Nasdaq's minimum bid price requirement
- Company has until April 7, 2025 to meet the $1.00 minimum bid price
- Plans to effectuate a reverse stock split to address the issue
- Continued uninterrupted trading on Nasdaq under ticker 'XTKG'
- Failure to meet Nasdaq's minimum $1.00 bid price requirement
- Risk of potential delisting if compliance is not achieved by the new deadline
- Necessity for a reverse stock split, which may be viewed negatively by some investors
Insights
X3 Holdings' receipt of a 180-day extension from Nasdaq to regain compliance with the
The company's plan to implement a reverse stock split is a common strategy in such situations. While this can artificially boost the share price to meet Nasdaq requirements, it's important to note that reverse splits don't fundamentally change a company's value and can sometimes be viewed negatively by the market.
For investors, this news highlights significant risks:
- Potential delisting if compliance isn't achieved, which could severely impact liquidity and valuation
- Dilution risk from the reverse split
- Underlying business concerns that led to the low share price
The extension provides temporary relief, but XTKG needs to demonstrate fundamental business improvements to sustain compliance long-term.
The extension granted to X3 Holdings reflects broader trends in the small-cap tech sector, where many companies are struggling with low share prices amid challenging market conditions. This situation is not unique to XTKG, but it does raise concerns about the company's market position and investor confidence.
Key points for investors to consider:
- The micro-cap status of XTKG (market cap of
$51,003,960 ) makes it particularly vulnerable to volatility and liquidity issues - The planned reverse split, while potentially necessary, often signals weakness and can lead to further price declines post-split
- The company's ability to regain compliance will likely depend on both technical factors (the reverse split) and fundamental improvements in its business performance
Investors should closely monitor XTKG's financial performance and any strategic initiatives announced in the coming months, as these will be important in determining the company's ability to maintain its Nasdaq listing and attract investor interest.
To address this issue, the Company intends to continuously monitor its closing bid price and to effectuate a reverse stock split, subject to the shareholders' approval at the annual general meeting, which will be convened on November 4, 2024. Upon the approval and completion of the reverse stock spilt, the Company expects that it will countervail the short-term adverse effects on its trading price and cure the deficiency in due time as well as regain compliance with the Bid Price Requirement.
The receipt of the extension period has no immediate effect on the listing or trading of the Company's business operations or the listing of the Company's ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker "XTKG".
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in
Safe Harbor Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements regarding the Company's plans to regain compliance with the minimum bid price requirement. The Company's actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Corporate Investor Relations
Email: ir@x3holdings.com
Website: www.x3holdings.com
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SOURCE X3 Holdings Co., Ltd.
FAQ
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