Luckin Coffee Receives Delisting Notice from Nasdaq and Plans to Request Hearing
Luckin Coffee today announced that on May 15, 2020, it received a written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC indicating that the Listing Qualifications Staff has determined to delist the Company’s securities from Nasdaq. 1）The Company plans to timely request a hearing before a Nasdaq Hearings Panel. The Company will remain listed on Nasdaq, pending the outcome of the Hearing. There can be no assurance that the Panel will grant the Company’s request for continued listing. According to the Notice, the Hearing will typically be scheduled to occur approximately 30 to 45 days after the date of the hearing request.