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Autozi Internet Technology (Global) Ltd. Receives NASDAQ Notification Regarding Minimum Market Value of Listed Securities
Globenewswire· 2026-03-29 14:00
Core Viewpoint - Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq indicating non-compliance with the minimum Market Value of Listed Securities (MVLS) requirement of US$50 million, with a compliance period of 180 days to rectify this issue [1]. Group 1: Company Overview - Autozi is a leading and rapidly growing lifecycle automotive service and supply-chain technology platform in China, founded in 2010 [2]. - The company provides a wide range of high-quality and cost-effective automotive products and services through both online and offline channels across the country [2]. - Autozi utilizes an advanced supply chain cloud platform and SaaS solutions to create an integrated ecosystem that enhances collaboration and efficiency within the automotive industry [2]. Group 2: Nasdaq Compliance Notification - The notification from Nasdaq, dated March 25, 2026, states that Autozi's MVLS has not met the minimum requirement for 30 consecutive business days from February 10, 2026, to March 24, 2026 [1]. - The company has until September 21, 2026, to regain compliance by achieving an MVLS of US$50 million or more for at least ten consecutive business days [1]. - If compliance is not achieved by the end of the compliance period, Autozi will receive a notification regarding the potential delisting of its securities, although the current notification does not affect the listing and trading of its securities [1].
Autozi Internet Technology (Global) Ltd. Receives NASDAQ Notification Regarding Minimum Market Value of Listed Securities
Globenewswire· 2026-03-29 14:00
Core Viewpoint - Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq indicating non-compliance with the minimum Market Value of Listed Securities (MVLS) of US$50,000,000, with a compliance period of 180 days to regain compliance [1] Group 1: Company Overview - Autozi is a fast-growing automotive service and technology platform in China, founded in 2010 [2] - The company offers a wide range of high-quality, cost-effective automotive products and services through both online and offline channels across the nation [2] - Autozi utilizes an advanced supply chain cloud platform and SaaS solutions to create an integrated ecosystem that enhances collaboration and efficiency in the automotive supply chain [2] Group 2: Nasdaq Compliance Notification - The notification from Nasdaq, dated March 25, 2026, states that Autozi's MVLS has not met the minimum requirement for 30 consecutive business days from February 10, 2026, to March 24, 2026 [1] - Autozi has until September 21, 2026, to regain compliance, and if the MVLS reaches US$50,000,000 for at least ten consecutive business days during this period, compliance will be achieved [1] - Failure to regain compliance before the end of the compliance period will result in a written notification regarding potential delisting of the company's securities [1]
Autozi Internet Technology (Global) Ltd. Received Two Notification Letters from Nasdaq
Prnewswire· 2025-12-02 21:30
Core Viewpoint - Autozi Internet Technology (Global) Ltd. is facing potential delisting from the Nasdaq due to non-compliance with minimum market value and low closing bid price of its securities [2][3]. Group 1: Nasdaq Notifications - The first notification from Nasdaq indicates that Autozi does not meet the minimum Market Value of Publicly Held Shares (MVPHS) of US$15 million, as it has been below this threshold for 30 consecutive business days [2]. - Autozi has a compliance period of 180 calendar days, until May 26, 2026, to regain compliance with the MVPHS requirement [2]. - The second notification states that Autozi's securities had a closing bid price of $0.10 or less for ten consecutive trading days, leading to a determination for delisting [3]. - Autozi has the option to appeal this determination to a Hearings Panel by December 3, 2025, which will stay the suspension of its securities pending the Panel's decision [3]. Group 2: Company Overview - Autozi, founded in 2010, is a rapidly growing automotive service and technology platform in China, offering a wide range of automotive products and services [4]. - The company utilizes an advanced supply chain cloud platform and SaaS solutions to create an integrated ecosystem that enhances collaboration and efficiency across the automotive industry [4].