Core Viewpoint - Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq regarding non-compliance with the minimum Market Value of Listed Securities (MVLS) requirement of $50 million, but the company remains confident in its business fundamentals and growth strategy [1][4]. Compliance Status - The company has been given 180 calendar days, until September 22, 2025, to regain compliance with the MVLS requirement [2]. - To regain compliance, Autozi must maintain a market value of $50 million or more for at least ten consecutive business days during the compliance period [2]. Business Operations - Autozi plans to monitor its market value and aims to address the deficiency within the grace period while continuing to trade on the Nasdaq Global Market [3]. - The company emphasizes its strong core business fundamentals and its position in the automotive services market in China, supported by its advanced supply chain cloud platform and SaaS solutions [4]. Company Overview - Founded in 2010, Autozi is a leading provider of lifecycle automotive services in China, offering a wide range of automotive products and services through online and offline channels [5]. - The company has developed a dynamic ecosystem that enhances collaboration and efficiency across the automotive supply chain, positioning itself as a key driver of innovation and growth in the sector [5].
AZI Received Nasdaq Notification Regarding Minimum Market Value Deficiency