Bitcoin price today: rises to $116.5k on Trump 401k order, altcoins rally
In a stark reflection of investor sentiment, AIEV stock has plummeted to its 52-week low, trading at a mere $0.13. According to InvestingPro analysis, while the company maintains a debt-free balance sheet and healthy liquidity with a current ratio of 1.93, its overall financial health score remains weak at 0.94. This significant downturn marks a challenging period for Feutune Light Acquisition, as the company's stock has experienced a staggering 1-year change, dropping by -98.71%. The precipitous decline to this price level underscores the intense sell-off that has gripped the stock over the past year, leaving shareholders and market watchers alike concerned about the firm's future prospects and financial stability. InvestingPro analysis suggests the stock is currently undervalued, with 10+ additional ProTips available to help investors navigate this challenging situation.
In other recent news, Thunder Power Holdings, Inc. is facing potential delisting from the Nasdaq Global Market due to non-compliance with listing rules. The company received a notification from Nasdaq on March 7, 2025, indicating failure to meet the minimum bid price of $1.00 per share and a market value of listed securities of $50 million. Thunder Power had previously been notified of this non-compliance on September 6, 2024, and was given a 180-day grace period, which expired on March 3, 2025. The company's common stock is scheduled to be suspended from trading on March 18, 2025, unless an appeal is filed. Thunder Power intends to request a hearing before the Nasdaq Hearings Panel by March 14, 2025, which would temporarily halt the suspension and delisting process. The company plans to present a compliance plan that may include a reverse stock split or transferring to the Nasdaq Capital Market. However, there is no assurance that Nasdaq will accept the plan or that compliance will be achieved. Investors are keeping a close watch as the company seeks to maintain its listing status.
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