2-Jun-2021 Source: EHang
EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), an autonomous aerial vehicle (“AAV”) technology platform company, announced it has received a notice from Nasdaq on May 20, 2021 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2020 (the “2020 Form 20-F”), EHang is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”). This notice has no immediate effect on the listing or trading of EHang’s American depositary shares on the Nasdaq Global Market.
The Company is required by Nasdaq to submit its plan to regain compliance within 60 calendar days, or no later than July 19, 2021. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the 2020 Form 20-F’s due date, or until November 15, 2021, to regain compliance.
The Company was not able to file the 2020 Form 20-F by its due date primarily due to the additional time needed to complete the 2020 Form 20-F, as set forth in the Form 12b-25 submitted to the SEC on April 30, 2021. EHang continues to work diligently to complete the 2020 Form 20-F and strives to file it with the SEC as soon as reasonably practicable.