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BEIJING - Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI), a provider of automotive products and services in China, has regained compliance with Nasdaq’s minimum market value requirement. The company received a notification on April 9, 2025, from Nasdaq confirming that it meets the necessary market value of listed securities of $50 million as per Nasdaq Listing Rule 5450(b)(2)(A). According to InvestingPro data, the company’s current market capitalization stands at $97.48 million, with the stock showing significant volatility and a 14% gain year-to-date, despite a challenging 65% decline over the past year.
The compliance issue arose when Nasdaq notified Autozi on March 25, 2025, that the company had fallen below the required market value for 30 consecutive business days. To resolve the matter, Autozi’s market value needed to exceed $50 million for at least ten consecutive business days. The company achieved this threshold between March 25 and April 8, 2025, leading to the closure of the compliance issue. InvestingPro analysis indicates the company faces financial challenges, with a weak financial health score and a current ratio of 0.37, suggesting potential liquidity concerns.
Autozi, established in 2010, operates in China’s automotive sector, offering a range of services and products through online and offline channels. The company has developed a supply chain cloud platform and SaaS solutions that facilitate a more efficient automotive industry ecosystem. Recent financial data shows annual revenue of $124.74 million with nearly 10% growth, though InvestingPro identifies several additional key metrics and insights available to subscribers.
The press release also includes forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements reflect the company’s expectations regarding its financial stability, market growth, and product acceptance. However, these forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
This news is based on a press release statement and provides investors with the latest compliance status of Autozi with Nasdaq regulations.
In other recent news, Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq regarding non-compliance with the exchange’s minimum market value requirement. The notice was issued after Autozi’s market value of listed securities fell below the $50 million threshold for 30 consecutive business days. Despite this, Autozi’s shares will continue to be listed on The Nasdaq Global Market, with a deadline set for September 22, 2025, to rectify the situation. To regain compliance, the company must achieve a market value of at least $50 million for ten consecutive business days within the 180-day grace period. Failure to meet this requirement could result in delisting from the exchange. Autozi has stated its intention to monitor its market value closely and take necessary measures to meet Nasdaq’s requirements. The company’s management remains optimistic about its core business operations and competitive position in the Chinese automotive services market. Autozi attributes its potential for long-term growth to its advanced supply chain cloud platform and SaaS solutions.
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