Zhibao Technology Announces Receipt of Nasdaq Deficiency Letter
Zhibao Technology (NASDAQ: ZBAO) received a Nasdaq deficiency letter stating its Class A ordinary shares failed to meet Nasdaq Rule 5550(a)(2) minimum bid price of $1.00, as the closing bid stayed below this level from May 27, 2026 to July 9, 2026.
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Rhea-AI Summary
Zhibao Technology (NASDAQ: ZBAO) received a Nasdaq deficiency letter stating its Class A ordinary shares failed to meet Nasdaq Rule 5550(a)(2) minimum bid price of $1.00, as the closing bid stayed below this level from May 27, 2026 to July 9, 2026.
The notice does not immediately affect listing or trading. Under Nasdaq Rule 5810(c)(3)(A), Zhibao has 180 days, until January 6, 2027, to regain compliance by maintaining a closing bid of at least $1.00 for 10 consecutive business days, with a potential additional 180-day period if other conditions are met.
Positive
- Deficiency letter has no immediate impact on ZBAO listing or trading
- Company has an initial 180-day window, until January 6, 2027, to regain compliance
- Potential for an additional 180 days if other Nasdaq listing standards are satisfied
Negative
- Shares traded below $1.00 minimum bid from May 27 to July 9, 2026
- ZBAO faces potential Nasdaq delisting if compliance is not regained by the allowed period
- Company states there is no assurance it will regain or maintain compliance
News Explained
If Zhibao Technology fails to regain compliance by the end of the initial or any eligible extended period, the July 15 letter says its Class A ordinary shares will be subject to delisting.
Details
Market move: ZBAO -11.57% in the Jul 16 session. listing compliance notice
On Jul 16, the first trading day after this news, ZBAO closed 11.57% below the previous close. Argus tracked a trough of -10.1% from its starting point during tracking. Our momentum scanner recorded 12 alerts for this stock that day.
Data tracked by StockTitan Argus for the Jul 16 session.
Key Figures
- Non-compliance period
- May 27, 2026 to July 9, 2026
- Closing bid below minimum bid price requirement
- Minimum bid price
- $1.00 per share
- Nasdaq Rule 5550(a)(2) threshold
- Initial compliance window
- 180 calendar days
- Period to regain Nasdaq minimum bid compliance
- Compliance deadline
- January 6, 2027
- End of initial compliance period
- Required trading duration
- 10 consecutive business days
- Days closing bid must meet minimum price
- Additional window
- 180 calendar days
- Potential second compliance period if criteria met
Historical Context
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Announcement of embedded insurance cooperation reaching over 20 million potential users.
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Appointment of seasoned industry executive as independent director at reinsurance subsidiary.
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Scheduling of 1H2026 earnings call and multiple investor outreach events.
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Report of strong revenue growth and a swing to modest profitability for 1H FY2026.
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Disclosure of scale metrics for sports insurance platform and partner network expansion.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
minimum bid price requirement regulatory
nasdaq capital market regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shanghai, China--(Newsfile Corp. - July 15, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) (the "Company"), today announced that it received a written notice (the "Letter") from the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with Nasdaq Rule 5550(a)(2) (the "Minimum Bid Price Requirement"), as the closing bid price for the Company's Class A ordinary shares had been below
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days to regain compliance, or until January 6, 2027 (the "Compliance Period"), to regain compliance with the Minimum Bid Price Requirement. To regain compliance with the Minimum Bid Price Requirement, the closing bid price of the Company's Class A ordinary shares must be at least
If the Company does not regain compliance with the Minimum Bid Price Requirement during the Compliance Period, the Company may be eligible for an additional 180 calendar day compliance period, provided that on the 180th day of the Compliance Period it meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provide written notice of its intention to cure the minimum bid price deficiency during the second compliance period.
If the Company does not regain compliance with the Minimum Bid Price Requirement by the end of the Compliance Period (as may be extended), the Company's Class A ordinary shares will be subject to delisting.
The Company is monitoring the closing bid price of its Class A ordinary shares and evaluating options to regain compliance with the Minimum Bid Price Requirement. However, there can be no assurance that the Company will be able to regain or maintain compliance with the Minimum Bid Price Requirement.
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS (Platform as a Service).
Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilize big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: ir.zhibao-tech.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of our annual reports on Form 20-F (as amended) and registration statements on Form F-1 (as amended) that have been filed or will be filed from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Investor Relations Contact
Zhibao Technology Inc.
Investor Relations
Office Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
Avenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305260
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