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SHENZHEN - Jayud Global Logistics Limited (NASDAQ:JYD), a Shenzhen-based supply chain solutions provider with a market capitalization of $25.2 million, has received a notice from Nasdaq regarding non-compliance with the stock market’s minimum bid price rule. The company’s shares, currently trading at $0.26 and down over 90% year-to-date, have been trading below the $1.00 threshold for 30 consecutive business days, triggering a warning from the Listing Qualifications Department of The Nasdaq Stock Market LLC. According to InvestingPro analysis, the company’s financial health score is rated as WEAK, with 14 additional key insights available to subscribers.
The Nasdaq’s Listing Rule 5550(a)(2) necessitates that listed securities maintain a minimum bid price of $1.00 per share. According to the notice dated May 15, 2025, Jayud has 180 calendar days, until November 11, 2025, to address the bid price deficiency. During this period, the company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the ticker symbol "JYD." InvestingPro data shows the stock is trading 97% below its 52-week high of $8.00, though analysis suggests the stock may be undervalued at current levels.
To regain compliance, the bid price of Jayud’s ordinary shares must close at or above $1.00 per share for at least 10 consecutive business days before the November deadline. If the company achieves this, Nasdaq will confirm that Jayud has met the requirement. However, if compliance is not regained by the set date, Jayud may be granted additional time or face the risk of being delisted from the exchange.
The receipt of the Notice does not immediately impact Jayud’s business operations or the trading of its shares. While the company specializes in cross-border logistics and operates a global network with facilities in 12 provinces in Mainland China and 16 countries across six continents, InvestingPro data reveals concerning trends, including negative EBITDA of -$7.33 million and rapidly diminishing cash reserves. The company offers services such as freight forwarding, supply chain management, and other value-added services, leveraging its strategic location in Shenzhen to support ocean, air, and overland logistics. Investors seeking deeper insights into Jayud’s financial health and growth prospects can access comprehensive analysis and real-time metrics through InvestingPro’s advanced analytics platform.
This announcement is made in accordance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of the receipt of a deficiency notification. The information in this article is based on a press release statement from Jayud Global Logistics Limited.
In other recent news, Jayud Global Logistics announced its 2024 Annual General Meeting of Shareholders, scheduled for April 2025. The meeting will involve holders of Class A Ordinary Shares, with further details on resolutions expected to be disclosed closer to the date. Additionally, Jayud has initiated its first chartered air cargo service between Fuzhou, China, and Jakarta, Indonesia, which will operate three times a week using a Boeing 737-800. This new route is designed to meet specific market needs in Southeast Asia, supporting the rapid growth of the e-commerce industry in the region. In another development, Jayud appointed Ms. HU Mengmeng as its new Chief Financial Officer, effective March 1, 2025, succeeding Ms. Lin Bao, who resigned for personal reasons. Ms. Hu brings over two decades of experience in the logistics sector, having worked with major multinational companies. Jayud also advised investors to rely only on formal statements and filings with the U.S. Securities and Exchange Commission following unusual market activity. These recent developments underscore Jayud’s strategic efforts to enhance its service offerings and expand its global operations.
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