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AZI Regains Compliance with Nasdaq Minimum Bid Price Requirement

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Autozi Internet Technology (AZI), a Chinese automotive products and services company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received a compliance notice from Nasdaq on May 16, 2025, confirming that its Class A ordinary shares maintained a closing bid price of $1.00 or higher for 14 consecutive business days from April 28 through May 15, 2025.

This development resolves the previous non-compliance notification received on February 5, 2025, when AZI failed to maintain the minimum $1.00 bid price over 30 consecutive business days. The matter is now officially closed.

Autozi Internet Technology (AZI), un'azienda cinese specializzata in prodotti e servizi per il settore automobilistico, ha riconquistato con successo la conformità al requisito minimo del prezzo di offerta stabilito dal Nasdaq. La società ha ricevuto un avviso di conformità dal Nasdaq il 16 maggio 2025, che conferma come le sue azioni ordinarie di Classe A abbiano mantenuto un prezzo di chiusura di almeno 1,00 $ per 14 giorni lavorativi consecutivi, dal 28 aprile al 15 maggio 2025.

Questo sviluppo risolve la precedente notifica di non conformità ricevuta il 5 febbraio 2025, quando AZI non era riuscita a mantenere il prezzo minimo di offerta di 1,00 $ per 30 giorni lavorativi consecutivi. La questione è ora ufficialmente chiusa.

Autozi Internet Technology (AZI), una empresa china de productos y servicios automotrices, ha logrado recuperar el cumplimiento con el requisito mínimo de precio de oferta del Nasdaq. La compañía recibió un aviso de cumplimiento del Nasdaq el 16 de mayo de 2025, confirmando que sus acciones ordinarias Clase A mantuvieron un precio de cierre de 1,00 $ o más durante 14 días hábiles consecutivos desde el 28 de abril hasta el 15 de mayo de 2025.

Este avance resuelve la notificación previa de incumplimiento recibida el 5 de febrero de 2025, cuando AZI no logró mantener el precio mínimo de oferta de 1,00 $ durante 30 días hábiles consecutivos. El asunto está ahora oficialmente cerrado.

Autozi Internet Technology (AZI)는 중국의 자동차 제품 및 서비스 회사로, 나스닥의 최소 입찰가 요건을 성공적으로 충족하였습니다. 회사는 2025년 5월 16일 나스닥으로부터 준수 통지를 받았으며, 2025년 4월 28일부터 5월 15일까지 14거래일 연속으로 1.00달러 이상의 종가를 유지한 클래스 A 보통주를 보유하고 있음을 확인받았습니다.

이 조치는 2025년 2월 5일 AZI가 30거래일 연속 최소 입찰가 1.00달러를 유지하지 못해 받은 이전의 비준수 통지를 해결한 것으로, 해당 사안은 이제 공식적으로 종료되었습니다.

Autozi Internet Technology (AZI), une entreprise chinoise spécialisée dans les produits et services automobiles, a réussi à se conformer à nouveau à l'exigence minimale du prix d'offre du Nasdaq. La société a reçu un avis de conformité du Nasdaq le 16 mai 2025, confirmant que ses actions ordinaires de classe A ont maintenu un prix de clôture de 1,00 $ ou plus pendant 14 jours ouvrables consécutifs du 28 avril au 15 mai 2025.

Cette évolution résout la notification de non-conformité précédente reçue le 5 février 2025, lorsque AZI n'avait pas réussi à maintenir le prix d'offre minimum de 1,00 $ pendant 30 jours ouvrables consécutifs. L'affaire est désormais officiellement close.

Autozi Internet Technology (AZI), ein chinesisches Unternehmen für Automobilprodukte und -dienstleistungen, hat erfolgreich die Einhaltung der Mindestgebotspreis-Anforderung der Nasdaq wiedererlangt. Das Unternehmen erhielt am 16. Mai 2025 eine Compliance-Mitteilung von der Nasdaq, die bestätigt, dass seine Stammaktien der Klasse A vom 28. April bis zum 15. Mai 2025 an 14 aufeinanderfolgenden Handelstagen einen Schlusskurs von 1,00 $ oder höher aufwiesen.

Diese Entwicklung behebt die vorherige Nichtkonformitätsmitteilung vom 5. Februar 2025, als AZI den Mindestgebotspreis von 1,00 $ über 30 aufeinanderfolgende Handelstage nicht halten konnte. Die Angelegenheit ist nun offiziell abgeschlossen.

Positive
  • Successfully regained Nasdaq compliance, eliminating delisting risk
  • Maintained share price above $1.00 for 14 consecutive business days
Negative
  • Previously failed to maintain minimum bid price requirement, indicating historical price weakness

BEIJING, May 20, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company"), an automotive products and services company in China, today announced that it has received a written notice (the "Compliance Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated May 16, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement").

As previously announced, the Company was notified by Nasdaq on February 5, 2025 that the Company's Class A ordinary shares failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days.

According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company's Class A ordinary shares has been at $1.00 per share or greater for 14 consecutive business days, from April 28 through May 15, 2025, and the matter is now closed.

About Autozi

Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.

Contact Information

The Blueshirt Group
Jack Wang
Email: Jack@blueshirtgroup.co 

Cision View original content:https://www.prnewswire.com/news-releases/azi-regains-compliance-with-nasdaq-minimum-bid-price-requirement-302460247.html

SOURCE Autozi Internet Technology (Global) Ltd.

FAQ

What was the minimum bid price requirement that AZI needed to meet for Nasdaq compliance?

AZI needed to maintain a closing bid price of $1.00 or higher per share for at least 14 consecutive business days to meet Nasdaq's minimum bid price requirement.

When did AZI regain compliance with Nasdaq's listing requirements?

AZI regained compliance during the period from April 28 through May 15, 2025, as confirmed by Nasdaq's notice dated May 16, 2025.

Why was AZI at risk of delisting from Nasdaq?

AZI was at risk because it failed to maintain a minimum bid price of $1.00 over 30 consecutive business days, as notified by Nasdaq on February 5, 2025.

What does regaining Nasdaq compliance mean for AZI shareholders?

Regaining compliance means AZI will continue to be listed on Nasdaq, maintaining market accessibility for shareholders and eliminating the risk of delisting.
Autozi Internet Technology (Global) Ltd.

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