Core Viewpoint - Webus International Limited has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share [1][2]. Group 1: Compliance and Regulatory Information - The deficiency letter indicates that the company has until June 29, 2026, to regain compliance with the minimum bid price requirement [2]. - During the compliance period, the company's ordinary shares must maintain a closing bid price of at least $1.00 for a minimum of ten consecutive business days [2]. - The letter does not have an immediate effect on the listing or trading of the company's ordinary shares on the Nasdaq Capital Market [3]. Group 2: Company Overview - Webus International Limited is a global TravelTech company that provides AI-driven customized travel and digital mobility solutions [4]. - The company operates through its flagship brand Wetour Travel Tech LLC and regional subsidiaries, offering premium chauffeur services, personalized itineraries, and blockchain-enabled travel products across North America, Asia, and the Middle East [4].
Webus International Limited Receives Nasdaq Notice Regarding Minimum Bid Price Requirement