VenHub Stock Jumps After Nasdaq Lifeline — The Risk Still Hanging Over VHUB
VenHub Global Inc. shares rose about 3% in Friday afternoon trade after the autonomous retail company said Nasdaq had closed a minimum-bid-price deficiency matter, removing a near-term listing overhang. VHUB was quoted at $1.45, with the stock changing hands between $1.39 and $1.50 on the session, according to market data. The move matters because VenHub had only this month been warned that its stock had fallen below Nasdaq’s $1.00 minimum bid requirement. The minimum bid rule means a listed stock must keep a closing bid price at or above a set level, in this case $1, to avoid a compliance process that can end in delisting.