Mingzhu Logistic Limited Receives Nasdaq Delisting Notice Subject to Hearing Request

Rhea-AI Summary

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.

Positive

• Hearing request will stay suspension from the request date
• Company intends to appeal by the October 27, 2025 deadline

Negative

• 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

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 $1 per share over the previous 30 consecutive business days, and therefore it no longer complies with the Nasdaq Listing Rule 5550(a)(2) (the “Rule”). Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Rule. However, as disclosed on May 21, 2025, the Nasdaq Listing Qualifications Panel has imposed on the Company a Discretionary Panel Monitor under Listing Rule 5815(d)(4)(A) for a period of one year since May 20, 2025, and the Company will not be afforded an applicable cure or compliance period pursuant to Rule 5810(c)(3) if the Company fails any listing standard during the one-year monitoring period. Rather, the Company will be subject to delisting determination promptly.

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?

Nasdaq determined YGMZ’s bid price closed under $1 for the prior 30 consecutive business days, violating Listing Rule 5550(a)(2).

What is MingZhu Logistic’s deadline to appeal Nasdaq’s delisting determination (YGMZ)?

The company has until October 27, 2025 to request a hearing before the Nasdaq hearing panel.

Will MingZhu Logistic (YGMZ) remain listed while it appeals the delisting decision?

Yes. The company said requesting a hearing will stay any suspension from the date of the request and securities will continue to be listed during the appeal.

Why won’t MingZhu Logistic (YGMZ) receive the normal 180‑day cure period?

A Discretionary Panel Monitor was imposed effective May 20, 2025, so Rule 5810(c)(3) cure periods do not apply during the one‑year monitoring term.

What compliance options is MingZhu Logistic (YGMZ) considering to address the delisting risk?

The company is evaluating all options to regain compliance, including a potential reverse stock split.

What immediate shareholder impact should YGMZ investors expect after the delisting notice?

Immediate effects include an ongoing delisting process and a firm October 27, 2025 appeal deadline; listing status will remain while a hearing is requested.