New York Stock Exchange

The company also received a delisting notice from the New York Stock Exchange, it announced Monday, because the average closing price of shares was less than $1 over a consecutive 30 trading-day period.

Rite Aid’s languishing stock, meanwhile, took a nosedive when the company entered bankruptcy late last year and the New York Stock Exchange moved to delist it.

That same day, he predicted to Yahoo Finance that he was confident that the share price would rise above $1 a share to avoid being delisted from the New York Stock Exchange.

In May, Zeekr's shares started trading on the New York Stock Exchange, marking the first major US market debut by a Chinese company since 2021.

Its shares collapsed to pennies, prompting the New York Stock Exchange to delist the stock.