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Shares of Shineco, Inc. (NASDAQ:SISI) were suspended from trading on the Nasdaq Stock Market on Tuesday after the Nasdaq Listing and Hearing Review Council affirmed a previous decision to delist the company’s common stock. The information is based on a statement released by the company through a recent SEC filing.
According to the filing, Shineco was first notified by Nasdaq on June 16, 2025, that it was not in compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company requested a hearing, which was held on July 24, 2025. The following day, the Nasdaq Hearings Panel denied Shineco’s request for continued listing, and Nasdaq notified the company that trading would be suspended effective July 29, 2025.
Shineco subsequently received a stay from the Nasdaq Listing and Hearing Review Council on July 28, 2025, which temporarily halted the suspension of trading pending further review. On October 1, 2025, the Listing Council issued a decision affirming the delisting. Nasdaq then informed Shineco on October 3, 2025, that the stay had been lifted and that trading would be suspended at the open of trading on Tuesday, October 7, 2025.
The company filed legal actions and emergency petitions in response to the delisting, including a lawsuit in the United States District Court for the Southern District of New York and an emergency petition with the United States Court of Appeals for the D.C. Circuit. Both efforts were unsuccessful, and Shineco’s common stock was suspended from trading as scheduled.
Shineco stated in the filing that it intends to appeal the Listing Council’s decision to the Securities and Exchange Commission under Sections 19(d) and 19(f) of the Securities Exchange Act of 1934. The company said it continues to evaluate all available options in response to the delisting determination and related developments.
This article is based on a press release statement made in a recent SEC filing.
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