Summary by Futu AI
On Oct 29, 2024, Zoomcar Holdings received a deficiency notice from Nasdaq, indicating its publicly held shares fell below the 1.1 million minimum for continued listing on the Global Market. The company has 45 days to submit a compliance plan, with a possible 180-day extension if accepted.This notice doesn't immediately affect Zoomcar's listing, and its stock continues trading under "ZCAR". The company can appeal any delisting decision or apply to transfer to the Nasdaq Capital Market. Zoomcar previously received notices on May 9 and July 26, 2024, for non-compliance with minimum bid price and market value requirements.If Zoomcar fails to regain compliance with these standards by Nov 4, 2024, it will receive a delisting notice from Nasdaq, with an opportunity to appeal before a Hearings Panel.