09:21 AM EDT, 07/11/2024 (MT Newswires) -- XChange TEC.INC ( XHG ) said Thursday that the Nasdaq Stock Market's Hearing Panel has granted the company's request to transfer its listing to the Nasdaq Capital Market from the Nasdaq Global Market.

The company said Nasdaq also granted it an extension to remain listed on the Nasdaq Capital Market through Aug. 31 as long as it demonstrates compliance with the minimum closing bid price requirement of $1 or more per share for at least 10 consecutive trading sessions by Aug. 14.

Shares of the company rose more than 5% in recent premarket activity.

Price: 1.14, Change: +0.06, Percent Change: +5.56