Welcome to our dedicated page for Jiuzi Holdings news (Ticker: JZXN), a resource for investors and traders seeking the latest updates and insights on Jiuzi Holdings stock.
Jiuzi Holdings Inc. (JZXN) provides investors and industry observers with critical updates through this comprehensive news hub. As a leading new energy vehicle franchise operator in China's developing markets, JZXN's announcements offer insights into its strategic positioning within the rapidly evolving electric transportation sector.
This resource aggregates official press releases covering financial results, franchise network expansions, and technological developments. Users will find updates on JZXN's dual revenue streams from proprietary EV sales and third-party accessory distribution, particularly in third and fourth-tier cities where the company maintains strategic focus.
Key content categories include quarterly earnings disclosures, partnership announcements with battery technology providers, and market penetration metrics. The curated collection enables stakeholders to track JZXN's progress in addressing infrastructure challenges and consumer adoption rates in target regions.
Bookmark this page for streamlined access to verified corporate communications, ensuring timely awareness of operational milestones affecting JZXN's role in China's sustainable mobility landscape.
Jiuzi Holdings (NASDAQ: JZXN) announced the termination of acquisition negotiations with Shenzhen Maigesong Electric Technology. The parties failed to reach consensus on cooperation model, resource integration, and strategic objectives. Initially, JZXN planned to fully acquire Shenzhen Maigesong to support lithium battery production and market expansion. Despite the termination, JZXN views the experience as valuable for understanding industry trends and evaluating high-potential projects. The company remains focused on advancing in the renewable energy sector, driving innovation, and pursuing global expansion while maintaining its core business of franchising and operating 51 franchise stores and one company-owned store selling New Energy Vehicles in China.
Jiuzi Holdings, a leading NEV dealership group in China, announced a 1-for-13 reverse share split of its ordinary shares, effective July 3, 2024. This move aims to meet the Nasdaq's $1.00 minimum bid price requirement. Post-split, shares will trade under the symbol 'JZXN' with a new CUSIP number, G51400136. The reverse split will reduce outstanding shares from approximately 135.3 million to 10.4 million. No fractional shares will be issued; any fractional interests will be rounded up. Shareholders approved this action on February 15, 2024. Transhare will manage the process.
Jiuzi Holdings (NASDAQ: JZXN), a new energy vehicle dealership group in China, announced it received a notification from Nasdaq on May 16, 2024, regarding non-compliance with the minimum bid price rule. The Company's stock price has been below $1 for 30 consecutive business days. JZXN has until November 12, 2024, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days. If unsuccessful, JZXN may be granted an additional 180 days to comply, potentially requiring a reverse stock split. Previously, on March 29, 2024, JZXN received a Nasdaq notification for failing to timely file its 2023 Annual Report. This issue was resolved on May 20, 2024, when JZXN filed the report.
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