Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Market Value of Listed Securities Requirement and Nasdaq Delisting Notice Subject to Hearing Request

Yimutian (Nasdaq:YMT) received two Nasdaq notices on May 13, 2026.

Rhea-AI Summary

Yimutian (Nasdaq:YMT) received two Nasdaq notices on May 13, 2026. Nasdaq found the company below the US$50 million market value of listed securities (MVLS) requirement for 30 consecutive business days and below the US$15 million market value of publicly held shares (MVPHS) requirement.

Yimutian has 180 days, until November 9, 2026, to regain MVLS compliance. It is appealing the delisting determination, which stays delisting proceedings, and its ADSs continue trading on the Nasdaq Global Market. The company plans reasonable measures to regain full compliance but gives no assurance of success.

Positive

• ADSs continue trading on the Nasdaq Global Market despite notices
• 180-day compliance period until November 9, 2026 for MVLS
• Appeal of delisting determination stays further delisting proceedings
• Company intends to take reasonable measures to regain compliance

Negative

• MVLS fell below US$50 million for 30 consecutive business days
• Failed to regain US$15 million MVPHS compliance by May 6, 2026
• Nasdaq determination letter states the company is subject to delisting
• Uncertainty remains about regaining all Nasdaq continued listing requirements

Argus May 19 session

-8.73% close to close Open Argus

Details

News Market Reaction – YMT

In the May 19 session, YMT declined 8.73%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -8.7% in the session following this news. A negative reaction despite today’s proced...

Analysis

The stock moved -8.7% in the session following this news. A negative reaction despite today’s procedural framing would fit prior sensitivity to listing risks and capital structure changes. The company disclosed simultaneous shortfalls on MVLS and MVPHS requirements and receipt of a delisting determination, even as its price of 2.2023 remained far below the 18.6 200-day MA. Past Nasdaq deficiency notices and reverse-split plans have already weighed on sentiment, so further weakness would reflect heightened concern over long-term listing stability.

Key Figures

MVLS requirement: US$50,000,000 MVLS review period: 30 consecutive business days MVLS compliance window: 180 calendar days +3 more

MVLS requirement

US$50,000,000

Minimum market value of listed securities under Nasdaq Rule 5450(b)(2)(A)

MVLS review period

30 consecutive business days

Period from March 25, 2026 to May 6, 2026 used to assess MVLS

MVLS compliance window

180 calendar days

Compliance period ending November 9, 2026 under Rule 5810(c)(3)(C)

MVPHS requirement

US$15,000,000

Minimum market value of publicly held shares under Rule 5450(b)(2)(C)

MVPHS cure period

180 calendar days

Period from November 6, 2025 to May 6, 2026 to regain MVPHS compliance

Re-compliance trading days

10 consecutive business days

Required MVLS or MVPHS compliance trading span to close the deficiency

Historical Context

5 past events · Latest: May 07

5 events

1. May 07

   AI product launch

   24h Move

   +0.4%

   Launch of Wolaicai AI sales assistant with expected >US$10M revenue uplift.

2. Apr 30

   ADS facility increase

   24h Move

   +1.2%

   Form F-6 filing to register 200M additional ADSs for potential future use.

3. Apr 29

   ADS ratio change

   24h Move

   -10.8%

   15-for-1 ADS reverse split via ratio change, without altering underlying shares.

4. Apr 08

   Bid price deficiency

   24h Move

   -2.8%

   Nasdaq notice of non-compliance with $1.00 minimum bid price requirement.

5. Apr 07

   AI farm results

   24h Move

   -2.8%

   Record AI-enabled farm harvests and expansion of Wozhongtian demonstration sites.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

market value of listed securities, market value of publicly held shares, american depositary shares, nasdaq global market, +1 more

5 terms

market value of listed securities regulatory

"not in compliance with Nasdaq Listing Rule 5450(b)(2)(A), which requires the Company to maintain a minimum market value of listed securities"

Market value of listed securities is the market value of the shares a company has listed on an exchange, calculated as the closing bid price multiplied by the number of listed shares. Exchanges use it as a continued-listing standard, so a company that stays under the required minimum receives a deficiency notice and is given a set period to recover before facing delisting.

market value of publicly held shares regulatory

"failure to regain compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C)"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

american depositary shares regulatory

"no immediate effect on the listing of the Company’s American Depositary Shares (“ADS”). The Company’s ADSs will continue to trade"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

nasdaq global market regulatory

"for continued listing on the Nasdaq Global Market (the “MVLS Requirement”). Based on the Company’s MVLS"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

delisting regulatory

"the Company is subject to delisting. The Company will be filing an appeal, which will stay any further delisting proceedings"

Delisting occurs when a company's stock is removed from a stock exchange and is no longer available for trading there. This can happen voluntarily or because the company no longer meets the exchange's requirements. For investors, delisting means they can no longer buy or sell shares of that company on the exchange, which may make it more difficult to sell their investments or affect the stock's value.

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BEIJING, May 19, 2026 (GLOBE NEWSWIRE) -- Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced that it received two written notifications from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on May 13, 2026, the details of which are described below.

On May 13, 2026, the Company received a written notification (the “MVLS Deficiency Notice”) from Nasdaq, notifying the Company that it is currently not in compliance with Nasdaq Listing Rule 5450(b)(2)(A), which requires the Company to maintain a minimum market value of listed securities (“MVLS”) of US$50,000,000 for continued listing on the Nasdaq Global Market (the “MVLS Requirement”). Based on the Company’s MVLS for the 30 consecutive business days from March 25, 2026 to May 6, 2026, the Company no longer meets this requirement. The MVLS Deficiency Notice is only a notification of deficiency and has no immediate effect on the listing of the Company’s American Depositary Shares (“ADS”). The Company’s ADSs will continue to trade on The Nasdaq Global Market at this time. The Company’s receipt of the MVLS Deficiency Notice does not impact the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission (the “SEC”).

Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days, or until November 9, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s MVLS Requirement. If at any time during the Compliance Period, the Company’s MVLS closes at US$50,000,000 or more for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

Additionally, on May 13, 2026, the Company also received a determination letter (the “Determination Letter”) from Nasdaq, notifying the Company that, due to the its failure to regain compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C) by May 6, 2026, the Company is subject to delisting. The Company will be filing an appeal, which will stay any further delisting proceedings though the hearing or any extension the Hearings panel may grant and the securities will continue to be listed on The Nasdaq Global Market.

As previously disclosed, on November 6, 2025, the Company was notified by Nasdaq that for the previous 30 consecutive trading days the Company’s MVPHS had been below the minimum US$15,000,000 required for continued listing as set forth in Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Requirement”), and the Company was provided with 180 calendar days, or until May 6, 2026, to regain compliance with this rule. The Company did not regain compliance with the MVPHS Requirement by May 6, 2026.

The Company intends to take all reasonable measures available to regain compliance with the MVLS Requirement, the MVPHS Requirement and other relevant continued listing requirements under the Nasdaq Listing Rules and to remain listed on Nasdaq. However, there can be no assurances that the Company would ultimately be able to regain compliance with all applicable requirements for continued listing on Nasdaq.

About Yimutian Inc.

Yimutian Inc, is a leading agricultural B2B platform in mainland China. Over a decade, the company has been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, and making it efficient, transparent, secure, and convenient.

For more information, please visit https://ir.ymt.com/.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, these forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor inquiries, please contact:

Email: ir@ymt360.com
Phone: +86 1057086561

For media inquiries, please contact:

Email: pr@ymt360.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq notices did Yimutian (Nasdaq:YMT) receive on May 13, 2026?

Yimutian received an MVLS deficiency notice and a delisting determination letter. According to Yimutian, the MVLS notice cites non-compliance with the US$50 million market value of listed securities rule, while the determination letter follows prior non-compliance with the market value of publicly held shares requirement.

What is the Nasdaq market value of listed securities requirement impacting YMT stock?

Nasdaq Rule 5450(b)(2)(A) requires Yimutian to maintain at least US$50 million MVLS. According to Yimutian, its MVLS stayed below this level for 30 consecutive business days, triggering a deficiency notice but not an immediate impact on trading or SEC reporting obligations.

Why is Yimutian subject to a Nasdaq delisting notice related to MVPHS?

Yimutian did not regain compliance with Nasdaq’s US$15 million MVPHS requirement by May 6, 2026. According to Yimutian, this failure led Nasdaq to issue a determination letter stating the company is subject to delisting, although an appeal will temporarily stay delisting proceedings.

How long does Yimutian (YMT) have to regain compliance with Nasdaq’s MVLS rule?

Yimutian has 180 calendar days, until November 9, 2026, to regain MVLS compliance. According to Yimutian, if its MVLS reaches at least US$50 million for 10 consecutive business days during this period, Nasdaq may confirm compliance and close the MVLS matter.

Will Yimutian’s ADSs continue trading on Nasdaq after the delisting notice?

Yes, Yimutian’s ADSs will continue trading on the Nasdaq Global Market for now. According to Yimutian, its planned appeal of Nasdaq’s delisting determination stays further delisting proceedings through the hearing process or any extension granted by the Nasdaq Hearings panel.