Jayud Global Logistics Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

Rhea-AI Summary

Jayud Global Logistics (NASDAQ: JYD) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received notice from Nasdaq Listing Qualifications staff confirming that it has met the requirement under Rule 5550(a)(2), which mandates maintaining a minimum closing bid price of $1.00 or more for at least ten consecutive business days. As of November 27, 2024, Nasdaq has confirmed the company's compliance and closed the prior bid price deficiency matter.

Positive

• Regained Nasdaq listing compliance, eliminating delisting risk
• Maintained stock price above $1.00 for required period

Negative

• Previous trading below minimum bid requirement indicates recent stock price weakness

SHENZHEN, China, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen specializing in cross-border logistics, today announced that it has received notice from the Nasdaq Listing Qualifications staff ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule"). 

To regain compliance with the Rule, the Company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least ten consecutive business days; on November 27, 2024, Nasdaq informed the Company it achieved compliance with this Rule. Therefore, Nasdaq considers the prior bid price deficiency matter now closed. 

About Jayud Global Logistics Limited

Jayud Global Logistics Limited is one of the leading Shenzhen-based end-to-end supply chain solution providers in China, focusing on cross-border logistics services. Headquartered in Shenzhen, the Company benefits from the unique geographical advantages of providing a high degree of support for ocean, air, and overland logistics. The Company has established a global operation nexus featuring logistic facilities throughout major transportation hubs in China and globally, with footprints in 12 provinces in Mainland China and 16 countries across six continents. Jayud offers a comprehensive range of cross-border supply chain solution services, including freight forwarding, supply chain management, and other value-added services. With its strong service capabilities and research and development capabilities in proprietary IT systems, the Company provides customized and efficient logistics solutions and develops long-standing customer relationships. For more information, please visit the Company’s website: https://ir.jayud.com. 

Forward-Looking Statements 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “is/are likely to”, “potential”, “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. 

For more information, please contact: 

Jayud Global Logistics Limited 
Investor Relations Department 
Email: ir@jayud.com   

Investor Relations Contact: 
Matthew Abenante, IRC 
President 
Strategic Investor Relations, LLC  
Tel: 347-947-2093 
Email: matthew@strategic-ir.com 

FAQ

When did Jayud Global Logistics (JYD) regain Nasdaq compliance?

Jayud Global Logistics (JYD) regained Nasdaq compliance on November 27, 2024, after maintaining a minimum closing bid price of $1.00 or more for at least ten consecutive business days.

What was the minimum bid price requirement for Jayud (JYD) to maintain Nasdaq listing?

Jayud (JYD) was required to maintain a minimum closing bid price of $1.00 or more for at least ten consecutive business days to comply with Nasdaq Listing Rule 5550(a)(2).

Has Jayud Global Logistics (JYD) resolved its Nasdaq listing deficiency?

Yes, Jayud Global Logistics (JYD) has resolved its bid price deficiency matter, with Nasdaq confirming compliance on November 27, 2024, and considering the matter closed.