New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Shareholders have been substantially diluted in the past year (144% increase in shares outstanding). Revenue is less than US$1m (US$95k revenue). Market cap is less than US$10m (US$1.88m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Feb 06
Kaixin Holdings, Annual General Meeting, Feb 21, 2026 Kaixin Holdings, Annual General Meeting, Feb 21, 2026, at 10:00 China Standard Time. Location: complex building room 211, 18 dong quan avenue, luoyang town, taishun county, zhejiang, wenzhou, China New Risk • Feb 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$7.03m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.1m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Shareholders have been substantially diluted in the past year (over 58x increase in shares outstanding). Revenue is less than US$1m (US$95k revenue). Market cap is less than US$10m (US$7.03m market cap). New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (over 12x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$11.7m market cap). Announcement • Aug 30
Kaixin Holdings, Annual General Meeting, Sep 13, 2025 Kaixin Holdings, Annual General Meeting, Sep 13, 2025, at 10:00 China Standard Time. Location: complex building room 211, 18 dong quan avenue, luoyang town, taishun county, wenzhou, zhejiang, china, China New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.0m free cash flow). Shareholders have been substantially diluted in the past year (over 12x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$9.86m market cap). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Jun 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.46m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.0m free cash flow). Shareholders have been substantially diluted in the past year (over 12x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$9.46m market cap). Announcement • Nov 16
Kaixin Holdings has filed a Follow-on Equity Offering in the amount of $3.500001 million. Kaixin Holdings has filed a Follow-on Equity Offering in the amount of $3.500001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,166,667
Price\Range: $3 Reported Earnings • Oct 11
First half 2024 earnings released: US$0.10 loss per share (vs US$0.29 loss in 1H 2023) First half 2024 results: US$0.10 loss per share. Net loss: US$5.37m (loss widened 20% from 1H 2023). Announcement • Sep 14
Nasdaq Hearings Panel Determines to Kaixin Holdings a Temporary Exception to Regain Compliance with the Nasdaq’s Listing Rule 5550(a)(2) by December 13, 2024 Kaixin Holdings (the ‘Company’) announced that it received a letter dated September 12, 2024 from the Nasdaq Hearings Panel (‘Panel’), indicating that the Panel has determined to grant the Company a temporary exception to regain compliance with The Nasdaq Stock Market LLC’s Listing Rule 5550(a)(2) (the ‘Bid Price Rule’) by December 13, 2024. The Company is scheduled to hold an extraordinary general meeting on October 1, 2024 to obtain shareholders’ approval for a reverse stock split. The Company aims to effectuate a reverse stock split by November 30, 2024, and to regain compliance with the Bid Price Rule by December 13, 2024. The temporary exception granted to the Company is subject to the following milestones. In the event the Company fails to regain compliance with the Bid Price Rule by December 13, 2024, its securities will be delisted: On or before October 1, 2024, the Company shall obtain shareholders approval for a reverse stock split at a ratio that satisfies the minimum requirement in the Bid Price Rule; On or before November 30, 2024, the Company shall effect a reverse stock split and, thereafter, maintain a $1 closing bid price for a minimum of ten consecutive business days; On or before December 13, 2024, the Company shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions. Announcement • Aug 23
Kaixin Holdings Announces Receipt of Nasdaq Delisting Determination and Submission of Appeal Kaixin Holdings announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated August 19, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days (the “Letter”). The Letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s securities from The Nasdaq Capital Market. As previously reported, on February 1, 2024, Nasdaq notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until July 30, 2024, and on July 31, 2024, the Company was provided an additional 180 calendar days, or until January 27, 2025, to regain compliance with the Rule. The Letter indicates that unless the Company requests an appeal of the Delisting Determination by August 26, 2024, trading of the Company’s ordinary shares will be suspended at the opening of business on August 28, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on the Nasdaq. The Company has submitted a request for a hearing to appeal the Delisting Determination to a Hearings Panel of the Nasdaq (the “Panel”) on August 21, 2024. As notified by the Panel, a hearing is scheduled to be held on October 3, 2024. The hearing request has stayed the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. The Company is considering all potential options available to regain compliance with the aforementioned rules, including seeking stockholder approval for a reverse stock split. As previously reported on the Form 6-K filed with the SEC on August 13, 2024, the Company has scheduled to hold an extraordinary general meeting of shareholders on October 1, 2024 to vote upon a reverse stock split, with the consolidation to take effect upon the completion of administrative procedures pursuant to listing exchange requirements. Reported Earnings • Apr 30
Full year 2023 earnings released: US$2.34 loss per share (vs US$6.35 loss in FY 2022) Full year 2023 results: US$2.34 loss per share (improved from US$6.35 loss in FY 2022). Revenue: US$31.5m (down 62% from FY 2022). Net loss: US$53.6m (loss narrowed 37% from FY 2022). Announcement • Feb 07
Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price Kaixin Auto Holdings (‘Kaixin’ or the ‘Company’) announced the receipt of a notification letter (the ‘Nasdaq Letter’) dated February 1, 2024, from the Listing Qualifications department of the Nasdaq Stock Market (‘Nasdaq’), notifying Kaixin that, for the 30 consecutive business days ended January 31, 2024, the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2)(the ‘Rule’). The Nasdaq Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until July 30, 2024, to regain compliance with the Rule. If, at any time before July 30, 2024, the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will inform the Company that the Company has regained compliance with the Rule. If the Company does not regain compliance with the Rule by July 30, 2024, but meets the Nasdaq Capital Market initial inclusion criteria set in Nasdaq Listing Rule 5505, except for the minimum $1.00 per share bid price requirement, the Company will be granted an additional 180-calendar day compliance period. If the Company does not regain compliance with the Rule by July 30, 2024, and is not eligible for an additional compliance period at that time, Nasdaq Staff will then provide a written notification to the Company informing that its common stock will be delisted. At that time, the Company may appeal the Nasdaq Staff’s delisting determination to the Nasdaq Hearings Panel pursuant to the procedures set in the applicable Nasdaq Listing Rules. The Company intends to monitor the closing bid price of the Company’s common stock and consider its available options in the event that the closing bid price of the Company’s common stock remains below $1.00 per share. Announcement • Feb 03
Kaixin Auto Holdings, Annual General Meeting, Mar 04, 2024 Kaixin Auto Holdings, Annual General Meeting, Mar 04, 2024, at 10:00 China Standard Time. Location: 198 Qidi Road, Unit B2-303-137, Beigan Community Xiaoshan District, Hangzhou Zhejiang Province China New Risk • Feb 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.22m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (182% increase in shares outstanding). Market cap is less than US$10m (US$9.22m market cap). Announcement • Feb 01
Kaixin Auto Holdings Announces Appointment of Xiaoning Wu as Director Kaixin Auto Holdings announced that Mr. Xiaoning Wu has been appointed by Kaixin’s board of directors as a director of the Board and as the chairman of the audit committee of the Board of the Company, with effect from January 30, 2024. Mr. Xiaoning Wu has been serving as the chairman of Shangdong Zibo Fengdu Jiantao Company since 2003 and possesses rich experience in corporate financial management, capital investments, and sales areas. He also served as an accountant and corporate controller with Taishun Zhanzhou Construction Company during 1986-1993 and as CEO of Nantong Yongxing during 1994-2003. Announcement • Nov 18
Kairui Consulting Hong Kong Limited completed the acquisition of Zhejiang Taohaoche Technology Co., Ltd. from Kaixin Auto Holdings (NasdaqCM:KXIN). Kairui Consulting Hong Kong Limited entered into a share transfer agreement to acquire Zhejiang Taohaoche Technology Co., Ltd. from Kaixin Auto Holdings (NasdaqCM:KXIN) for $2.7 million on February 2, 2023. Zhejiang Taohaoche reported net assets of $2.6 million on June 30, 2023.Kairui Consulting Hong Kong Limited completed the acquisition of Zhejiang Taohaoche Technology Co., Ltd. from Kaixin Auto Holdings (NasdaqCM:KXIN) on June 30, 2023. Announcement • Oct 01
Kaixin Auto Regains Compliance with Nasdaq's Minimum Bid Price Rule Kaixin Auto Holdings ("Kaixin" or the "Company") announced the receipt of a notification letter dated September 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, the Nasdaq Staff has determined that for the last 10 consecutive business days, from September 15 through September 28, 2023, the closing bid price of the Company’s ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). Announcement • Sep 12
Kaixin Auto Holdings signed a non-binding term sheet to acquire WM Motor Holdings Limited. Kaixin Auto Holdings signed a non-binding term sheet to acquire WM Motor Holdings Limited on September 11, 2023. Announcement • Aug 24
Kaixin Auto Holdings (NasdaqCM : KXIN) completed the acquisition of Morning Star Auto Inc. Kaixin Auto Holdings (NasdaqCM : KXIN) agreed to acquire Morning Star Auto Inc on July 11, 2023. The deal is expected to close in August 2023.Kaixin Auto Holdings (NasdaqCM : KXIN) completed the acquisition of Morning Star Auto Inc on August 22, 2023. Announcement • Aug 23
Kaixin Auto Holdings (NasdaqCM:KXIN) completed the acquisition of Wuxi Morning Star Technology Co., Ltd. Kaixin Auto Holdings (NasdaqCM:KXIN) signed a binding acquisition term sheet to acquire Wuxi Morning Star Technology Co., Ltd. on September 26, 2022. Kaixin will acquire 100% equity of Morning Star through new share issuance and makes it a wholly owned subsidiary. Kaixin and Morning Star expect to sign the definitive acquisition SPA by end of October and have the acquisition transaction completed by end of the year. As consideration for the Acquisition, Kaixin will issue 100 million ordinary shares of Kaixin to the shareholders of Morning Star, and Morning Star was requested to acquire 100% equity of Henan Yujie Time Limited before October 31, 2022. As of May 31, 2023, Kaixin Auto Holdings is making continued progress on the acquisition of Morning Star Auto Inc. As of July 11, 2023 the Company has signed a supplementary acquisition agreement with Morning Star Auto Inc. The transaction is expected to complete in August 2023.Kaixin Auto Holdings (NasdaqCM:KXIN) completed the acquisition of Wuxi Morning Star Technology Co., Ltd. on August 22, 2023. Announcement • Aug 04
Kaixin Auto Holdings Appoints Lei Gu as Senior VP in Charge of New Energy Vehicles Business Kaixin Auto Holdings announced the appointment of Mr. Lei Gu as Senior VP of the Company in charge of the new energy vehicles department. Before joining Kaixin, Mr. Lei Gu served as the vice president and chief engineer of BAIC Motors, a Fortune 500 company, and the president of Beijing Automotive Research Institute. He also served in multiple senior positions with other companies, including senior technology expert with Ford Motors, president of Cherry Automobile Research Institute, director and general manager of BAIC Mercedes Benz Technology Center, and president of Lingtu Motors. Mr. Lei Gu received a Ph.D. in Mechanics from the University of Science and Technology of China and a Ph.D. in Mechanical Engineering from Northwestern University. Announcement • Jul 12
Kaixin Auto Holdings, Annual General Meeting, Aug 19, 2023 Kaixin Auto Holdings, Annual General Meeting, Aug 19, 2023, at 10:00 China Standard Time. Location: 13/F, Gloucester Tower, The Landmark 15 Queen's Road Central, Central Central Hong Kong Agenda: To approve an ordinary resolution; to approve a special resolution; and to approve as a special resolution that the third amended and restated memorandum and articles of association of the Company currently in effect be amended and restated by the deletion in their entirety and the substitution in their place of the fourth amended and restated memorandum and articles of association. Reported Earnings • May 17
Full year 2022 earnings released: US$0.42 loss per share (vs US$1.72 loss in FY 2021) Full year 2022 results: US$0.42 loss per share (improved from US$1.72 loss in FY 2021). Revenue: US$82.8m (down 67% from FY 2021). Net loss: US$84.7m (loss narrowed 57% from FY 2021). Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Deqiang Chen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Oct 28
First half 2022 earnings released: US$0.41 loss per share (vs US$1.95 loss in 1H 2021) First half 2022 results: US$0.41 loss per share (improved from US$1.95 loss in 1H 2021). Revenue: US$33.3m (up US$31.3m from 1H 2021). Net loss: US$70.6m (loss narrowed 51% from 1H 2021).