Nasdaq Issues Delisting Notice to X3 Holdings; Company Appeals Decision
Summary
X3 Holdings Co., Ltd. received a Nasdaq delisting notice for failing the minimum bid price requirement, with no compliance period due to a recent reverse stock split; the company is appealing the decision.
Key Events
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Receipt of Nasdaq Delisting Notice
X3 Holdings Co., Ltd. was notified by Nasdaq on February 10, 2026, of its failure to meet the minimum $1 bid price requirement, having traded below this threshold for 32 consecutive business days.
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Ineligibility for Compliance Period
Due to a 1-for-6 reverse stock split effected on December 30, 2025, the company is not eligible for the usual 180-calendar day compliance period, leading to an immediate delisting determination.
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Company Appeals Decision
X3 Holdings has submitted a request for a hearing before the Nasdaq Hearings Panel, which will stay the delisting and suspension of its securities pending the Panel's decision.
Analysis
X3 Holdings Co., Ltd. has received a determination letter from Nasdaq indicating an immediate delisting of its securities due to non-compliance with the minimum bid price rule. This is a critical development, as the company is not eligible for the standard 180-day compliance period because it recently effected a 1-for-6 reverse stock split on December 30, 2025, which failed to sustain the share price above the $1 threshold. The delisting threat significantly impacts the company's ability to raise capital and maintain investor confidence, especially following recent equity purchase agreements and share issuances. While the company has requested a hearing to appeal the decision, there is no assurance of success, leaving its Nasdaq listing status highly uncertain.
At the time of this filing, XTKG was trading at $0.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9M. The 52-week trading range was $0.11 to $16.32. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.