Pheton Holdings Faces Nasdaq Delisting Warning
Ticker: ITOC · Form: 6-K · Filed: Oct 21, 2025 · CIK: 1970544
| Field | Detail |
|---|---|
| Company | Pheton Holdings Ltd (ITOC) |
| Form Type | 6-K |
| Filed Date | Oct 21, 2025 |
| Risk Level | high |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting-warning, compliance, stock-price
TL;DR
Pheton Holdings' stock price is too low for Nasdaq, risking delisting.
AI Summary
Pheton Holdings Ltd received a notice on October 20, 2025, from Nasdaq indicating its Class A ordinary shares have been below $1.00 for 30 consecutive business days, failing to meet the minimum bid price requirement. The company is now subject to delisting procedures unless it regains compliance.
Why It Matters
This notice signifies a potential risk to the liquidity and marketability of Pheton Holdings' shares, as it could lead to delisting from the Nasdaq stock exchange.
Risk Assessment
Risk Level: high — The company is at high risk of delisting from Nasdaq due to failing to meet the minimum bid price requirement.
Key Numbers
- 30 — Consecutive Business Days (Duration the stock price was below $1.00, triggering the Nasdaq notice.)
Key Players & Entities
- Pheton Holdings Ltd (company) — Filer of the 6-K report
- Nasdaq (company) — Stock exchange that issued the notice
- October 20, 2025 (date) — Date of the notice from Nasdaq
- $1.00 (dollar_amount) — Minimum bid price requirement not met
FAQ
What specific requirement did Pheton Holdings Ltd fail to meet according to the Nasdaq notice?
Pheton Holdings Ltd failed to meet the minimum bid price requirement, as its Class A ordinary shares were below $1.00 for 30 consecutive business days.
When did Pheton Holdings Ltd receive the notice from Nasdaq?
The company received the notice dated October 20, 2025.
What is the consequence of failing to meet the minimum bid price requirement?
The company is subject to Nasdaq's delisting procedures unless it regains compliance with the minimum bid price requirement.
What type of shares are affected by the Nasdaq notice?
The notice pertains to the Class A ordinary shares of Pheton Holdings Ltd.
What is the address of Pheton Holdings Ltd's principal executive office?
The principal executive office is located at Room 306, NET Building, Hong Jun Ying South Road, Chaoyang District, Beijing, China.
Filing Stats: 435 words · 2 min read · ~1 pages · Grade level 17.2 · Accepted 2025-10-21 06:30:11
Key Financial Figures
- $1.00 — f its Class A ordinary shares was below $1.00 for a period of 30 consecutive business
Filing Documents
- ea0261923-6k_pheton.htm (6-K) — 9KB
- 0001213900-25-100524.txt ( ) — 11KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Pheton Holdings Ltd Date: October 21, 2025 By: /s/ Jianfei Zhang Name: Jianfei Zhang Title: Chief Executive Officer and Chairman of the Board of Directors 2