Luckin Coffee Inc. is scheduled to resume trading on the Nasdaq on May 20, the exchange reported, days after it sent the company a delisting notice.
Shares of Luckin will resume trading on 7 a.m. Wednesday morning. They have been suspended since early April after the company launched an investigation into fabricated sales transactions, which the company has also issued an apology for. Prior to the suspension, the announcement sent the shares down more than 75% in a single trading session.
