Business Context and Reporting Period
This Form 6-K filing by Quhuo Ltd (Quhuo Limited) covers the month of April 2026. The report addresses a critical corporate governance event: a Staff Delisting Determination Letter received from The Nasdaq Stock Market LLC on March 27, 2026.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the closing bid price of the Company's American depositary shares (ADSs), which remained at $0.10 or below for 10 consecutive trading days through March 25, 2026.
Material Changes
- Delisting Determination: Nasdaq determined to delist Quhuo's ADSs from The Nasdaq Global Market due to failure to maintain the minimum bid price requirement.
- Trading Suspension: Trading in the Company's ADSs is scheduled to be suspended at the opening of business on April 6, 2026.
- Regulatory Action: Unless a hearing is requested, Nasdaq intends to file a Form 25-NSE with the SEC to remove the ADSs from listing and registration.
Guidance, Outlook, and Risks
Management Commentary and Outlook: The Company intends to appeal the Delisting Determination to the Nasdaq Hearings Panel. The request for a hearing must be received by 4:00 p.m. Eastern Time on April 6, 2026. Management notes that a timely request will not stay the trading suspension.
Risks and Contingencies:
- There is no assurance that the appeal will be successful.
- There is no assurance that Nasdaq will grant an additional period to regain compliance.
- There is no assurance that the Company will be able to regain compliance with applicable Nasdaq Listing Rules.
- Forward-looking statements regarding the appeal process and potential outcomes involve significant risks and uncertainties.
Investor Verification Checklist
- Verify the status of the hearing request with the Nasdaq Hearings Department by April 6, 2026.
- Confirm the exact date and time of the trading suspension for ADSs (April 6, 2026).
- Monitor for the filing of Form 25-NSE by Nasdaq if the appeal is not timely or successful.
- Review the attached Press Release (Exhibit 99.1) for additional details on the delisting rationale.
- Assess the Company's plan to regain compliance with Nasdaq Listing Rules, as no specific financial remediation plan is detailed in this text.