Inno Holdings (INHD) Halted by Nasdaq After 3,600% Surge on $3M AI Phone Deal
Nasdaq halted INHD shares at 5:18 p.m. ET Monday under a T12 code after the stock rose from about $1.01 to above $66. The company had announced a $3 million agreement to develop an AI-powered used mobile phone.
benzinga.comNasdaq halted trading in Inno Holdings Inc. m. ET on Monday after the stock rose more than 3,600% in a single session. 01 to highs above $66 before the halt took effect.
The move followed the company's announcement of a $3 million Development Services Agreement with a Hong Kong-based AI provider to build an AI-powered used mobile phone. Nasdaq issued the halt under a T12 code, which means the exchange is requesting additional information from the company before trading can resume. No date has been set for resumption of trading.
Benzinga reported that the company did not provide an immediate response to a request for comment. Inno Holdings Inc. is listed on the Nasdaq under the ticker INHD.
