Autozi Internet Technology (Global) Ltd. Received Two Notification Letters from Nasdaq

Rhea-AI Summary

Autozi Internet Technology (Nasdaq: AZI) received two Nasdaq notification letters dated November 26, 2025.

First, Nasdaq found AZI noncompliant with the minimum Market Value of Publicly Held Shares (MVPHS) $15,000,000 for the 30-business-day period from October 15, 2025 to November 25, 2025. AZI has a 180-calendar-day compliance period until May 26, 2026 to regain MVPHS compliance by closing at $15,000,000 or more for ten consecutive business days.

Second, Nasdaq reported AZI had a closing bid ≤ $0.10 for ten consecutive trading days as of November 25, 2025 and the Nasdaq staff determined to delist the securities. AZI requested a hearing on December 2, 2025; the appeal stays suspension and Form 25-NSE filing pending the Panel decision, and the hearing fee is $20,000.

Positive

• 180-calendar-day MVPHS compliance period until May 26, 2026
• Appeal request filed on Dec 2, 2025 to stay delisting
• Hearing stay preserves listing and trading pending Panel decision

Negative

• MVPHS below required $15,000,000 for Oct 15–Nov 25, 2025
• Closing bid ≤ $0.10 for ten consecutive trading days as of Nov 25, 2025
• Nasdaq staff determined to delist the company's securities
• Hearing requires a $20,000 fee to proceed

Insights

Capital markets analyst

Nasdaq has determined delisting and granted a short appeal window; trading suspension is possible if appeal fails.

The company faces two Nasdaq notices: failure to meet the MVPHS threshold of $15,000,000 for the 30‑day test period and a staff determination to delist after a closing bid at or below $0.10 for ten consecutive trading days.

These actions operate through clear procedural rules: the company has a 180 calendar day cure period to regain MVPHS (until May 26, 2026) and a hearing option to challenge the delisting decision; the hearing stay prevents immediate suspension while the Panel considers the appeal but requires a $20,000 filing fee and a prompt request filed by December 3, 2025. The near-term outcome depends on whether the company secures sufficient publicly held market value within the cure window or persuades the Panel to reverse the delisting decision.

Watch the Panel outcome and any ten‑day consecutive bid‑price improvement; both are monitorable within days to months. If the Panel denies relief or the company fails to meet the MVPHS by May 26, 2026, delisting proceeds and trading consequences follow quickly.

Corporate governance and compliance expert

The notices reflect formal listing noncompliance and create legal and operational risk until resolved.

One notice documents a quantitative deficiency in publicly held market value under Nasdaq Rule 5450(b)(2)(C), triggering a defined 180‑day cure period under Rule 5810(c)(3)(D); the other records a sustained low closing bid under Rule 5810(c)(3)(A)(iii) and includes a staff determination to delist.

Risk drivers include the company’s ability to increase publicly held market value and to raise its closing bid above $0.10 for the required consecutive days, or to obtain Panel relief at the hearing requested on December 2, 2025. Key near‑term items to track are the Panel decision and any disclosure of actions taken to restore MVPHS or bid price within the cure window; procedurally decisive dates occur within days for the hearing and by May 26, 2026 for MVPHS compliance.

BEIJING, Dec. 2, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (Nasdaq: AZI), one of China's leading and fastest-growing lifecycle automotive service and supply-chain technology platforms, announced today that on November 26, 2025, it received two notification letters from the Nasdaq Stock Market LLC ("Nasdaq").

In the first notification letter from Nasdaq dated as of November 26, 2025, Nasdaq notified the Company that the Company is not in compliance with the minimum Market Value of Publicly Held Shares ("MVPHS") of US$15,000,000 set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5450(b)(2)(C) requires companies to maintain a minimum MVPHS of US$15 million, and Nasdaq Listing Rule 5810(c)(3)(D) provides that a failure to meet the MVPHS requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the MVPHS of the Company for the 30 consecutive business days from October 15, 2025 to November 25, 2025, the Company no longer meets the minimum requirement. This notification does not impact the listing and trading of the Company's securities at this time. Pursuant to Nasdaq Listing Rule 5810(c)(3)(D), the Company has a compliance period of 180 calendar days, or until May 26, 2026, to regain compliance. If at any time during this compliance period the Company's MVPHS closes at US$15,000,000 or more for a minimum of ten consecutive business days, Nasdaq will notify the Company that it has achieved compliance with the MVPHS requirement, and the MVPHS matter will be closed. In the event the Company does not regain compliance with Rule 5450(b)(2)(C) prior to the expiration of the compliance period, it will receive written notification that its securities are subject to delisting.

In the second notification letter from Nasdaq dated as of November 26, 2025, Nasdaq notified the Company that as of November 25, 2025, the Company's securities had a closing bid price of $0.10 or less for ten consecutive trading days, and accordingly, the Company is subject to the provisions contemplated under Listing Rule 5810(c)(3)(A)(iii). As a result, the Nasdaq staff has determined to delist the Company's securities from the Nasdaq Global Market. The Company has the opportunity to appeal the staff's determination to a Hearings Panel (the "Panel") by December 3, 2025. The hearing request will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel's decision. The fee for the hearing is $20,000. The Company requested a hearing by the Panel on December 2, 2025.

About Autozi

Founded in 2010, Autozi is a fast-growing automotive service and technology platform in China. The company offers a broad portfolio of high-quality, cost-effective automotive products and services through online and offline channels nationwide. Using its advanced supply chain cloud platform and SaaS solutions, Autozi has built an integrated ecosystem that connects key stakeholders across the automotive industry, enhancing collaboration and efficiency throughout the supply chain.

Contact Information

Autozi Internet Technology (Global) Ltd.
Mr. Jiabing Song
Email: boardoffice@autozi.com

View original content:https://www.prnewswire.com/news-releases/autozi-internet-technology-global-ltd-received-two-notification-letters-from-nasdaq-302630265.html

SOURCE Autozi Internet Technology (Global) Ltd.

FAQ

What Nasdaq notices did Autozi (AZI) receive on November 26, 2025?

Two letters: MVPHS noncompliance under the $15,000,000 rule and a delisting determination after ten days with closing bid ≤ $0.10.

How long does Autozi (AZI) have to regain MVPHS compliance?

AZI has a 180-calendar-day compliance period ending on May 26, 2026 to meet the $15,000,000 MVPHS requirement.

What triggered the Nasdaq delisting determination for AZI?

AZI had a closing bid price ≤ $0.10 for ten consecutive trading days as of November 25, 2025.

Did Autozi (AZI) appeal the Nasdaq delisting decision and what is the effect?

Yes; AZI requested a hearing on Dec 2, 2025. The hearing request stays suspension and the Form 25-NSE filing pending the Panel decision.

What cost is associated with Autozi's (AZI) Nasdaq hearing request?

The Nasdaq hearing fee is $20,000 to request review by the Hearings Panel.

What happens if Autozi (AZI) fails to regain compliance by May 26, 2026?

If AZI does not regain MVPHS compliance by that date, Nasdaq will send written notification that the securities are subject to delisting.