Autozi Internet Technology Receives Nasdaq Notification for Market Value Deficiency
Reuters
Jul 09
Autozi Internet Technology Receives Nasdaq Notification for Market Value Deficiency
Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI), a leading automotive products and services company in China, has announced receiving a notification from The Nasdaq Stock Market LLC regarding non-compliance with the minimum Market Value of Listed Securities (MVLS) requirement of 50 million. According to Nasdaq Listing Rule 5450(b)(A)$, companies must maintain this minimum MVLS. Autozi's market value fell short of this requirement for 30 consecutive business days, leading to the notification. However, the company has until January 5, 2026, to regain compliance by achieving an MVLS of $50 million or more for at least ten consecutive business days. Autozi remains confident in its business fundamentals and plans to address the deficiency during the grace period, with its shares continuing to trade on the Nasdaq Global Market.
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