TuSimple gets Nasdaq delisting notice for failing to file quarterly report, ET Auto

<p>The probe revealed that some employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China.</p> — The probe revealed that some workers spent paid hours final 12 months working for Hydron Inc, a startup engaged on autonomous vans largely in China.

TuSimple Holdings Inc stated on Thursday it had acquired a delisting discover from the Nasdaq for failing to file its quarterly report on time, sending its shares tumbling by about 20% in early buying and selling.

The change intends to droop buying and selling in shares of the autonomous driving know-how firm on Could 15 until it information an enchantment, the corporate stated.

TuSimple final reported quarterly outcomes for the interval ended Sept. 30 in late October. It stated in March that it didn’t file its 2022 annual report on time because it wanted extra time to rent new principal accountants.

The corporate stated on Thursday it had appointed UHY as its new unbiased registered public accounting agency for 2022.

The San Diego-based firm introduced a restructuring in December and lower about 350 jobs. It eliminated CEO Xiaodi Hou in October following a board investigation.

The probe revealed that some workers spent paid hours final 12 months working for Hydron Inc, a startup engaged on autonomous vans largely in China.