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BEIJING - Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI), a Chinese automotive products and services company, has received notification from Nasdaq that it is not in compliance with the minimum Market Value of Listed Securities (MVLS) requirement of $50 million. The company’s market capitalization currently stands at $23.62 million, following a steep 72% decline in share price year-to-date.
The notification, dated July 8, follows 30 consecutive business days from May 22 to July 7, 2025, during which Autozi’s market value fell below the threshold required for companies listed on the Nasdaq Global Market. InvestingPro data reveals the stock has lost over 91% of its value in the past year, with shares currently trading at $0.22, near their 52-week low of $0.18.
According to Nasdaq rules, Autozi has been granted a 180-day compliance period until January 5, 2026, to regain compliance. To meet the requirement, the company’s MVLS must close at $50 million or more for at least ten consecutive business days during this period.
The company’s shares will continue trading on the Nasdaq Global Market during the compliance period. If Autozi fails to regain compliance by the deadline or transfer to the Nasdaq Capital Market, its securities may face delisting.
Founded in 2010, Autozi operates an online supply chain cloud platform and provides SaaS solutions for the automotive industry in China. While the company stated it remains confident in its core business fundamentals despite the market value deficiency, InvestingPro analysis indicates significant challenges, with a WEAK Financial Health Score of 1.16 and concerning metrics such as negative EBITDA and rapidly depleting cash reserves. Get access to 13 additional InvestingPro Tips and comprehensive financial analysis to make better-informed investment decisions.
This article is based on information from a company press release statement.
In other recent news, Autozi Internet Technology (Global) Ltd. has announced that it has regained compliance with Nasdaq’s minimum bid price requirement. The company confirmed that its Class A ordinary shares maintained a closing bid price of $1.00 or more for 14 consecutive business days, addressing a compliance issue noted earlier this year. Additionally, Autozi has also met Nasdaq’s minimum market value requirement. The company was notified that it achieved the necessary market value of $50 million for ten consecutive business days, resolving the compliance issue that had arisen in March. These developments ensure that Autozi’s stock will continue to be listed on the Nasdaq market. The company operates in China’s automotive sector, leveraging an online supply chain cloud platform and SaaS solutions. Investors are advised to note that while forward-looking statements are included, they are subject to risks and uncertainties. The information is based on press release statements from Autozi Internet Technology (Global) Ltd.
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