Pheton Holdings Ltd Receives Nasdaq Notice About Minimum Bid Price Shortfall

Nasdaq Compliance Notification: Pheton Holdings Ltd received a notification from Nasdaq stating that it no longer meets the minimum bid price requirement of $1 per share, based on the closing bid price over the last 30 business days.

Compliance Period Granted: The company has been given a compliance period of 180 days, until April 20, 2026, to regain compliance, with the possibility of an additional 180 days if certain conditions are met.

Potential Delisting Risks: If Pheton Holdings fails to regain compliance, it may face delisting from Nasdaq, although the company is currently evaluating options to meet the listing requirements.

Company Overview: Founded in 1998, Pheton Holdings specializes in healthcare solutions for brachytherapy, aiming to establish new standards of care in cancer treatment through its products and services.