Autozi Internet Technology Receives Nasdaq Notice for Minimum Bid Price Non-Compliance
Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI), an automotive products and services company in China, has announced that it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. As of July 2, 2025, Autozi's American depositary shares have closed below the US$1.00 per share minimum for 30 consecutive business days. This notice does not impact the current listing or trading of Autozi's shares. The company has been given a 180-day grace period, ending on December 29, 2025, to regain compliance. If the closing bid price reaches or exceeds US$1.00 for ten consecutive business days during this period, Nasdaq will confirm compliance. Should Autozi fail to meet this requirement by the deadline, the company may qualify for an additional 180-day period, provided it meets other listing criteria. Autozi plans to take reasonable measures to rectify the situation, potentially including a reverse stock split if necessary.
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