TuSimple receives delisting notice after failing to file 1Q report

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The company said the exchange intends to suspend trading of its shares on May 15 unless it files an appeal.

TuSimple last reported quarterly results for the period ended Sept. 30 in late October. It said in March that it failed to file its 2022 annual report on time as it needed more time to hire new principal accountants.

The San Diego-based company announced a restructuring in December and cut about 350 jobs. It removed CEO Xiaodi Hou in October following a board investigation that revealed some employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China.

Shares of TSP are down 29.2% in afternoon trading on Thursday.