Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price

Rhea-AI Summary

Yimutian (Nasdaq: YMT) received a Nasdaq notice on April 2, 2026, informing the company it is not in compliance with the $1.00 minimum bid price requirement under Listing Rule 5450(a)(1).

Nasdaq granted a 180-calendar-day cure period until September 29, 2026 to regain compliance by achieving a $1.00 closing bid for at least ten consecutive business days. The company is evaluating options, including an ADS-to-ordinary share ratio change, and said its ADSs continue to trade with no immediate listing effect.

Positive

• 180-day cure period provided by Nasdaq until September 29, 2026
• ADSs continue to trade on Nasdaq Global Market with no immediate suspension
• Company intends change of ADS-to-ordinary ratio as a compliance option

Negative

• Noncompliance with the $1.00 minimum bid price under Listing Rule 5450(a)(1)
• Possible delisting risk if compliance not regained by September 29, 2026
• No assurance company will regain compliance despite reasonable efforts

News Market Reaction – YMT

-2.76% 17.6x vol

34 alerts

-2.76% Session close to close

+74.0% Peak Tracked

-16.0% Trough Tracked

$39.81M Market Cap

17.6x Rel. Volume

In the Apr 8 session, YMT declined 2.76%, reflecting a moderate negative market reaction. Argus tracked a peak move of +74.0% during that session. Argus tracked a trough of -16.0% from its starting point during tracking. Our momentum scanner triggered 34 alerts that day, indicating elevated trading interest and price volatility. Trading volume was exceptionally heavy at 17.6x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlighted that Yimutian fell out of compliance with Nasdaq’s $1.00 minimum bid r...

Analysis

This announcement highlighted that Yimutian fell out of compliance with Nasdaq’s $1.00 minimum bid requirement and received a 180‑day window, until September 29, 2026, to cure the deficiency by maintaining at least $1.00 for 10 consecutive business days. It followed a series of recent financing and strategic updates and came while the stock traded near its 52‑week low and far below its 200‑day MA, underscoring ongoing regulatory and execution risks.

Key Figures

Minimum bid requirement: $1.00 per ADS Compliance period: 180 calendar days Compliance deadline: September 29, 2026 +1 more

4 metrics

Minimum bid requirement $1.00 per ADS Nasdaq Listing Rule 5450(a)(1) threshold

Compliance period 180 calendar days Initial window to regain Nasdaq bid-price compliance

Compliance deadline September 29, 2026 End of initial 180-day bid-price compliance period

Required bid streak 10 consecutive business days Minimum duration at or above $1.00 to regain compliance

Historical Context

5 past events · Latest: Mar 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 31	Service network launch	Positive	+3.8%	Opened first Wolaicai agricultural service station with strong initial orders.
Mar 25	Financing plan update	Negative	-35.8%	Detailed convertible note facility and withdrawal of follow-on public offering.
Mar 25	Director resignation	Negative	-35.8%	Independent director resigned, with board to oversee search for replacement.
Mar 24	Strategic update	Positive	+9.9%	Outlined 2026 financing progress, insider share purchase plans, and revenue guidance.
Mar 23	Acquisition announcement	Positive	+9.9%	Agreed to acquire Ningbo Xunxi Technology to enter enterprise digital commerce.

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

Pattern Detected

Recent news-driven moves have consistently aligned with the tone of announcements: growth and strategic updates saw modest gains, while financing and governance changes coincided with sharp declines.

Recent Company History

Over late March 2026, Yimutian issued several material updates. A strategic plan and the planned acquisition of Ningbo Xunxi (RMB 50M deal) saw shares rise about 9.93%. A Wolaicai service-station launch also produced a positive reaction. In contrast, financing-plan updates and an independent director resignation coincided with declines of about 35.8%. Against this backdrop, the Nasdaq minimum bid-price notice follows a period of operational expansion but significant stock-price pressure.

Key Terms

minimum bid price requirement, nasdaq listing rules, american depositary shares, nasdaq global market, +1 more

5 terms

minimum bid price requirement regulatory

"not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

nasdaq listing rules regulatory

"not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules"

Nasdaq listing rules are the rulebook a company must follow to have its shares traded on the Nasdaq stock exchange, covering entry requirements and ongoing standards for finances, corporate governance, public disclosure and reporting. For investors they matter because the rules create baseline checks — like a driver’s license and regular inspections for a car — that promote transparency, comparability and reduce the risk of fraud or sudden delisting.

american depositary shares financial

"listing of the Company’s American Depositary Shares (“ADS”)"

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

"The Company’s ADSs will continue to trade on the Nasdaq Global Market at this time."

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

"may be eligible for an additional period to regain compliance or may face delisting."

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, April 08, 2026 (GLOBE NEWSWIRE) -- Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced that it received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 2, 2026 indicating that the Company is not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules (the “Listing Rules”). Based on the closing bid price of the Company’s listed securities from February 18, 2026 to April 1, 2026, the Company has not met the minimum bid price requirement set forth in Listing Rule 5450(a)(1) during that period. The 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 Notice does not impact the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission.

The Notice states that under Listing Rule 5810(c)(3)(A), the Company is provided with a period of 180 calendar days, or until September 29, 2026, to regain compliance with the Listing Rules. To regain compliance with the Listing Rules, the closing bid price of the Company’s ADSs must meet or exceed $1.00 per ADS for at least ten consecutive business days, unless Nasdaq exercises its discretion to extend this ten-day period. In the event the Company does not regain compliance by September 29, 2026, the Company may be eligible for an additional period to regain compliance or may face delisting.

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement, including a change of ratio of its ADSs and Class A ordinary shares. Although the Company will use all reasonable efforts to achieve compliance with the Minimum Bid Requirement, there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirements. If it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.

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

What did Yimutian (YMT) receive from Nasdaq on April 2, 2026?

Yimutian received a written notice that it is not meeting Nasdaq's $1.00 minimum bid price requirement. According to the company, the notice notifies a deficiency but does not immediately affect ADS trading; the company has until September 29, 2026 to regain compliance.

How long does YMT have to regain compliance with Nasdaq's minimum bid rule?

YMT has a 180-calendar-day cure period ending on September 29, 2026 to regain compliance. According to the company, compliance requires a $1.00 closing bid for at least ten consecutive business days unless Nasdaq grants an extension.

Will YMT's ADSs stop trading after the Nasdaq notice?

No, YMT's ADSs will continue to trade on the Nasdaq Global Market at this time. According to the company, the notice is a notification of deficiency and has no immediate effect on the listing or the company's SEC reporting obligations.

What must YMT achieve to satisfy Nasdaq's minimum bid price requirement?

YMT must attain a closing bid price of at least $1.00 per ADS for ten consecutive business days. According to the company, Nasdaq may exercise discretion to extend that ten-day period under Listing Rule 5810(c)(3)(A).

What actions is YMT considering to regain Nasdaq compliance?

YMT is evaluating options, including changing the ADS-to-ordinary share ratio to meet the bid requirement. According to the company, it intends to use reasonable efforts to timely regain compliance but can give no assurance of success.

What happens if YMT does not regain compliance by September 29, 2026?

If YMT fails to regain compliance, Nasdaq may provide an additional cure period or may proceed with delisting. According to the company, noncompliance could lead to delisting notice if the company is not eligible for further relief.