LexinFintech Receives Nasdaq Notice for Non-Compliance With $1.00 Minimum Bid Price Requirement
LexinFintech Holdings Ltd. (NASDAQ: LX) announced it received a written notice from the Nasdaq Listing Qualifications Department on October 14, 2026 stating that the Company is not in compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), based on the closing bid price of its ADSs from September 1, 2026 to October 13, 2026. The notice has no immediate effect on the listing of the Company's ADSs, which will continue to trade on the Nasdaq Global Select Market. Under Listing...
Key takeaways
LexinFintech received a Nasdaq notice on October 14, 2026 for non-compliance with the $1.00 minimum bid price requirement under Listing Rule 5450(a)(1), based on closing bid prices from September 1, 2026 to October 13, 2026.
The Company has 180 calendar days, until April 12, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 per ADS for at least ten consecutive business days, subject to Nasdaq's discretion to extend the ten-day period.
No immediate delisting: the ADSs will continue to trade on the Nasdaq Global Select Market, and the notice does not affect business operations or SEC reporting requirements.
The Company is evaluating options including a potential adjustment of the ratio of its ADSs to Class A ordinary shares as a means to regain compliance.
If compliance is not achieved by April 12, 2027, the Company may be eligible for an additional compliance period or may face delisting proceedings, with no assurance that compliance will ultimately be achieved.
The 6-K is signed by Chief Financial Officer James Xigui Zheng and includes Exhibit 99.1 press release.
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