According to the Futu Securities app, China's new energy auto manufacturer Kaixin Auto (KXIN.US) has obtained a temporary waiver from the NASDAQ stock market to meet the minimum purchase price requirements in its listing rules. The company is planning to hold a special shareholders' meeting on October 1, 2024, to obtain approval from shareholders for a reverse stock split plan. The goal of this plan is to complete the stock split by November 30, 2024 and ensure compliance with NASDAQ's bid price rule by December 13, 2024. If Kaixin Auto fails to regain compliance with the rules by this deadline, its securities may face delisting risk.