Mingzhu Logistic Limited Receives Nasdaq Delisting Notice Subject to Hearing Request
MingZhu Logistic Limited (Nasdaq:YGMZ) received a Nasdaq delisting notice dated October 20, 2025 after its bid price closed below $1 for the prior 30 consecutive business days, triggering noncompliance with Nasdaq Listing Rule 5550(a)(2).
Because a Discretionary Panel Monitor was imposed effective May 20, 2025 under Listing Rule 5815(d)(4)(A), the company is not eligible for the usual 180‑day cure period under Rule 5810(c)(3). The company has until October 27, 2025 to request a hearing and intends to do so, which will stay any suspension from the date of the request. The company is considering options to regain compliance, including a possible reverse stock split.
MingZhu Logistic Limited (Nasdaq:YGMZ) ha ricevuto una comunicazione di delisting da Nasdaq datata 20 ottobre 2025, dopo che il prezzo di chiusura delle sue negoziazioni è stato inferiore a $1 per i due passati 30 giorni lavorativi consecutivi, attivando la non conformità con la Nasdaq Listing Rule 5550(a)(2).
Poiché è stato imposto un Discretionary Panel Monitor a partire dal 20 maggio 2025 ai sensi della Listing Rule 5815(d)(4)(A), la società non è idonea al consueto periodo di correzione di 180 giorni previsto dalla Rule 5810(c)(3). La società ha tempo fino al 27 ottobre 2025 per richiedere un'audizione; intende farlo, il che sospenderà qualsiasi sospensione dalla data della richiesta. La società sta valutando opzioni per ripristinare la conformità, inclusa una possibile scissione azionaria inversa.
MingZhu Logistic Limited (Nasdaq:YGMZ) ha recibido un aviso de retirada de Nasdaq fechado el 20 de octubre de 2025, después de que su precio de cierre se mantuviera por debajo de $1 durante los 30 días hábiles consecutivos anteriores, lo que activó el incumplimiento de la Nasdaq Listing Rule 5550(a)(2).
Debido a que se impuso desde el 20 de mayo de 2025 un Discretionary Panel Monitor conforme a la Listing Rule 5815(d)(4)(A), la empresa no es elegible para el habitual periodo de cure de 180 días previsto en la Regla 5810(c)(3). La empresa tiene hasta el 27 de octubre de 2025 para solicitar una audiencia y tiene la intención de hacerlo, lo que suspenderá cualquier suspensión a partir de la fecha de la solicitud. La empresa está considerando opciones para volver a cumplir, incluida una posible división inversa de acciones.
MingZhu Logistic Limited (Nasdaq:YGMZ)는 2025년 10월 20일자 Nasdaq 상장폐지 통지를 받았으며, 전일 30영업일 연속으로 거래가격이 $1 아래로 마감되어 Nasdaq Listing Rule 5550(a)(2)에 따른 비적합 판정을 받았습니다.
2025년 5월 20일부터 Listing Rule 5815(d)(4)(A)에 의거하여 Discretionary Panel Monitor가 부과되었기 때문에 회사는 Rule 5810(c)(3)에서 정한 일반적인 180일 시정 기한을 받을 수 없습니다. 회사는 2025년 10월 27일까지 청문회를 요청할 수 있으며, 이를 할 의사가 있으며, 청문 요청일로부터 어떤 중단도 발효를 보류합니다. 회사는 시정 준수를 회복하기 위한 옵션을 고려 중이며, 가능하면 주식병합 (주식 분할 반대 분할)을 포함합니다.
MingZhu Logistic Limited (Nasdaq:YGMZ) a reçu un avis de radiation Nasdaq daté du 20 octobre 2025 après que son cours de clôture est resté en dessous de $1 pendant les 30 jours ouvrables consécutifs précédents, déclenchant une non-conformité à la Nasdaq Listing Rule 5550(a)(2).
Étant donné qu’un Discretionary Panel Monitor a été imposé à compter du 20 mai 2025 en vertu de la Listing Rule 5815(d)(4)(A), la société n’est pas éligible à la période habituelle de cure de 180 jours prévue par la Rule 5810(c)(3). La société dispose jusqu’au 27 octobre 2025 pour demander une audience et a l’intention de le faire, ce qui suspendra toute suspension à partir de la date de la demande. La société envisage des options pour rétablir la conformité, y compris une fusion inversée.
MingZhu Logistic Limited (Nasdaq:YGMZ) hat am 20. Oktober 2025 eine Nasdaq-Delisting-Mitteilung erhalten, nachdem sein Schlusskurs in den vorherigen 30 Börsentagen konstant unter $1 gefallen war und damit die Nichteinhaltung der Nasdaq Listing Rule 5550(a)(2) ausgelöst wurde.
Da seit dem 20. Mai 2025 unter Listing Rule 5815(d)(4)(A) ein discretionary Panel Monitor eingesetzt wurde, ist das Unternehmen nicht für die übliche 180-tägige Cure-Periode gemäß Rule 5810(c)(3) berechtigt. Das Unternehmen hat bis zum 27. Oktober 2025, um eine Anhörung zu beantragen, und beabsichtigt dies zu tun, was eine etwaige Suspendierung ab dem Datum des Antrags aussetzt. Das Unternehmen prüft Optionen, um die Compliance wiederherzustellen, einschließlich einer möglichen umgekehrten Aktienteilung.
MingZhu Logistic Limited (Nasdaq:YGMZ) تلقّت إشعار إزالة الإدراج من ناسداك المؤرخ في 20 أكتوبر 2025 بعد إغلاق سعر عرضها دون $1 خلال آخر 30 يوماً عملياً متواصلة، مما أدى إلى عدم الامتثال للقاعدة 5550(a)(2) في ناسداك.
وبسبب فرض مراقب لجنة تقدير Discretionary Panel Monitor اعتباراً من 20 مايو 2025 بموجب القاعدة 5815(d)(4)(A)، فإن الشركة غير مؤهلة لفترة الإصلاح المعتاد التي تبلغ 180 يوماً وفق القاعدة 5810(c)(3). لدى الشركة حتى 27 أكتوبر 2025 لطلب جلسة استماع وتعتزم القيام بذلك، ما سيعلق أي تعليق بدءاً من تاريخ الطلب. الشركة تفكر في خيارات لاستعادة الامتثال، بما في ذلك دمج الأسهم العكسي.
MingZhu Logistic Limited (Nasdaq:YGMZ) 已于2025年10月20日收到纳斯达克退市通知，原因是在前30个连续交易日的收盘价低于$1，违反了纳斯达克上市规则5550(a)(2)。
由于自2025年5月20日起根据上市规则5815(d)(4)(A)被实施了Discretionary Panel Monitor，公司无资格享受规则5810(c)(3)规定的通常180天 cure期。公司有直到2025年10月27日 提交听证会申请的权利并计划如此，申请之日将暂停任何暂停生效。公司正在考虑恢复合规的选项，包括可能的股票分拆反向合并。
- Hearing request will stay suspension from the request date
- Company intends to appeal by the October 27, 2025 deadline
- Nasdaq delisting determination due to bid price below $1 for 30 consecutive business days
- No 180‑day cure period because of a one‑year Discretionary Panel Monitor since May 20, 2025
- Company faces October 27, 2025 deadline to request hearing or face delisting
- Company is considering a reverse stock split, which may affect share structure
Insights
Nasdaq issued a delisting determination due to sub-$1 bids and an active panel monitor; appeal will temporarily stay suspension.
The company failed to meet Nasdaq Listing Rule 5550(a)(2) because the bid price closed below
Key dependencies include whether the company timely requests a hearing by
A delisting notice raises near-term liquidity and capital-access risks; a reverse split is the most explicit remediation mentioned.
The company explicitly contemplates a reverse stock split as a path to regain compliance. A reverse split can cure the technical price deficiency quickly if implemented and accepted by the exchange, but it does not address underlying market demand or operating performance that caused the low bid price.
Practical items to watch over the next weeks include the company’s formal hearing request by
SHENZHEN, China, Oct. 23, 2025 (GLOBE NEWSWIRE) -- MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on October 20, 2025, it received a letter from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Nasdaq staff has determined to delist the Company’s ordinary shares from The Nasdaq Capital Market (the “Delisting Determination”), because the bid price of the Company’s listed securities has closed at less than
The Company has until October 27, 2025 to request an appeal of the Delisting Determination to the hearing panel. The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market.
The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including effectuating a reverse stock split.
About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit https://ir.szygmz.com/.
Forward-Looking Statements
The statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company’s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China’s macroeconomic conditions, and the risks and assumptions disclosed in the Company’s reports provided to the CSRC (China Security Regulatory Commission). The potential acquisition involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including but not limited to statements about the potential benefits of the potential acquisition; the anticipated timing of closing of the potential acquisition (including failure to obtain necessary regulatory approvals) and the possibility that the potential acquisition does not close; risks related to the ability to realize the anticipated benefits of the potential acquisition, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the potential acquisition making it more difficult to maintain business and operational relationships; negative effects of announcing the potential acquisition or the consummation of the potential acquisition on the market price of our common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions related to the potential acquisition. For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company’s relevant SEC filings for additional factors that may affect the Company’s future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.
For further information, please contact.
MingZhu Logistics Holdings Limited:
Jingwei Zhang
Email: company@szygmz.com
Phone: +86 186-5937-1270
FAQ
Why did Nasdaq issue a delisting notice for MingZhu Logistic (YGMZ) on October 20, 2025?
What is MingZhu Logistic’s deadline to appeal Nasdaq’s delisting determination (YGMZ)?
Will MingZhu Logistic (YGMZ) remain listed while it appeals the delisting decision?
Why won’t MingZhu Logistic (YGMZ) receive the normal 180‑day cure period?
What compliance options is MingZhu Logistic (YGMZ) considering to address the delisting risk?
What immediate shareholder impact should YGMZ investors expect after the delisting notice?
