Quhuo Limited (NASDAQ: QH) received a delisting determination letter from Nasdaq on March 27, 2026, according to a company statement. The Listing Qualifications Department notified the Chinese gig economy platform that its American depositary shares had closed at $0.10 or below for 10 consecutive trading days through March 25, 2026.

Trading in Quhuo's ADSs will be suspended at the opening of business on April 6, 2026. Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission to remove the shares from listing and registration unless the company requests a hearing under Nasdaq Listing Rule 5815.

The company stated it intends to appeal the delisting determination to the Nasdaq Hearings Panel. Quhuo must submit its hearing request by 4:00 p.m. Eastern Time on April 6, 2026. The hearing request will not prevent the trading suspension from taking effect.

Quhuo operates a gig economy platform focused on local life services in China. The company provides on-demand delivery solutions, mobility services, housekeeping and accommodation solutions through its Quhuo+ technology infrastructure.

The company acknowledged in its statement that no assurance exists that the hearing will be successful. The delisting determination stems from Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Global Market.