Core Points - Youxin Technology Ltd has received a Staff Determination Notice from Nasdaq regarding the delisting of its securities due to a closing bid price below $0.10 for ten consecutive trading days [1][3] - The Company is currently not in compliance with the minimum bid price requirement of $1.00 per share, having been below this threshold for 30 consecutive business days [2] - The Company plans to appeal Nasdaq's determination, which will stay the suspension of trading pending the Panel's decision [8] Company Actions - The Company’s Board has approved a share consolidation at a ratio of one-for-eighty, effective September 30, 2025, to regain compliance with Nasdaq listing rules [4][5] - Following the share consolidation, the number of Class A ordinary shares will decrease from approximately 171.3 million to about 2.1 million, and the authorized shares will be reduced from 400 million to 5 million [6][7] - The new par value of the shares will be set at $0.008 after the consolidation [6] Company Overview - Youxin Technology Ltd is a SaaS and PaaS provider focused on aiding retail enterprises in digital transformation through cloud-based solutions [9] - The Company offers a comprehensive suite of omnichannel digital solutions that integrate various aspects of commerce, including inventory management and e-commerce capabilities [10]
Youxin Technology Ltd Receives Nasdaq Delisting Determination, Plans to Appeal, and Announces 1-for-80 Share Consolidation