Mar. 29 at 3:43 PM
$AZI Autozi Internet receives NASDAQ notification regarding minimum market value
Autozi Internet Technology announced that it has received a written notification from The Nasdaq Stock Market dated March 25, 2026 indicating that the Company is not in compliance with the minimum Market Value of Listed Securities ("MVLS") of US
$50,000,000 set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq Global Market, as its MVLS for the 30 consecutive business days from February 10, 2026 to March 24, 2026 has failed to meet the minimum requirement.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days, or until September 21, 2026, to regain compliance. If at any time during this compliance period the Company's MVLS closes at US
$50,000,000 or more for a minimum of ten consecutive business days, Nasdaq will notify the Company that it has achieved compliance with the MVLS requirement, and the MVLS matter will be closed. In the event the Company does not regain compliance with Rule 5450(b)(2)(A) prior to the expiration of the compliance period, it will receive written notification that its securities are subject to delisting. This notification does not impact the listing and trading of the Company's securities at this time.
