Shineco, INC

Shineco, Inc. has been delisted from The Nasdaq Stock Market LLC due to non-compliance with the minimum bid price requirement, effective October 7, 2025.

Shineco Inc. faces potential delisting from Nasdaq due to non-compliance with the minimum bid price rule, though a review council has temporarily stayed the suspension while a lawsuit against Nasdaq remains pending.

Shineco, Inc. announced the completion of an unregistered offering, issuing 18 million common shares to non-U.S. investors for gross proceeds of $13.5 million.

Shineco, Inc. has filed an amended 8-K to provide the required financial statements for its recently acquired 51% equity interest in InfiniClone Limited, an iPSC technology company, detailing the acquisition's financial impact and InfiniClone's historical performance.

Shineco, Inc.'s subsidiary, Shineco Life Science Group Hong Kong Co., Limited, has completed the acquisition of a 51% equity interest in InfiniClone Limited for $19.9 million in cash and 3.45 million shares of common stock.

Shineco, Inc. has received a Nasdaq staff determination letter indicating non-compliance with the minimum bid price requirement, leading to an impending trading suspension unless an appeal is successfully lodged.

Shineco, Inc. reports a net loss of $21.46 million for the nine months ended March 31, 2025, driven by losses from discontinued operations.

Shineco Inc.'s Q2 2025 results show increased revenue but continued net losses, alongside a reverse stock split and ongoing efforts to address internal control weaknesses.

Shineco Inc. reports a net loss for the quarter ended September 30, 2024, while navigating business segment changes and raising capital through multiple offerings.

Shineco Inc. experienced significant revenue growth in the third quarter of 2024, primarily driven by recent acquisitions, but also saw a substantial increase in net losses due to higher operating expenses.

Shineco Inc. reports a net income of $286,021 for the six months ended December 31, 2023, driven by gains from discontinued operations, while facing challenges in its continuing operations.

Shineco, Inc. has agreed with Streeterville Capital, LLC to extend the maturity date of a convertible promissory note, adding a 4% extension fee to the outstanding balance.

A majority of voting stockholders approved a reverse stock split for a company to meet Nasdaq's minimum bid price requirements, with the exact ratio to be determined by the Board.

Shineco, Inc. is asking stockholders to approve a reverse stock split and a new equity incentive plan at its upcoming annual meeting.

Shineco, a Delaware-based holding company with operations in China, is registering for the resale of up to 15 million shares of its common stock by selling stockholders, amidst ongoing regulatory uncertainties in China.

Shineco, Inc. has filed a registration statement for the resale of up to 15,000,000 shares of its common stock by selling stockholders.

Shanchun Huang, an individual investor and affiliate, has significantly increased his beneficial ownership in Shineco, Inc. to 29.4% through recent share acquisitions totaling $15.9 million, signaling an active investment strategy.