Core Viewpoint - Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for its American depositary shares (ADSs) [1][2] Group 1: Nasdaq Notification - The notification indicates that for the last 30 consecutive business days, the closing bid price of the Company's ADSs was below the minimum requirement of US$1.00 per share [1] - The Company has a compliance period of 180 calendar days, until December 29, 2025, to regain compliance [2] - If the closing bid price reaches US$1.00 or higher for at least ten consecutive business days during this period, Nasdaq will confirm compliance [2] Group 2: Compliance Measures - If compliance is not regained by the deadline, the Company may be eligible for an additional 180-day compliance period if it meets other listing requirements [2] - The Company may need to provide written notice of its intention to cure the deficiency, which could include a reverse stock split if necessary [2][3] Group 3: Company Overview - Autozi is a leading provider of lifecycle automotive services in China, founded in 2010 [4] - The Company offers a comprehensive range of automotive products and services through online and offline channels [4] - Autozi leverages an advanced online supply chain cloud platform and SaaS solutions to create a dynamic ecosystem in the automotive industry [4]
AZI Announces Receipt of Minimum Bid Price Notice from Nasdaq