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LKCO - Luokung shares gain after Xiaomi injunction ahead of Nasdaq delisting
Luokung Technology Corp
Xiaomi won a temporary injunction from a U.S. ban that forced American investors to divest from the company due to its ties to the Chinese military. Eight other firms were put on the same ban list in mid-January, including Huawei, SMIC (SMICY), and Luokung Technology (LKCO).LKCO shares are up 29% pre-market to $1.37.Last week, Luokung announced receiving a trading suspension letter from the Nasdaq, effective with the opening bell today.