Dogness (International) Corp. received a Nasdaq notice that its Class A common shares did not meet the $1.00-per-share minimum bid-price requirement after closing below that threshold for 30 consecutive business days. The notice does not immediately affect the listing; DOGZ shares continue trading uninterrupted on The Nasdaq Capital Market.
Dogness has 180 calendar days, through April 19, 2027, to regain compliance. Nasdaq says a closing bid of at least $1.00 per share for 10 consecutive business days can restore compliance, though it may require a longer period, generally no more than 20 consecutive business days. If Dogness does not regain compliance by the deadline, it may be eligible for another 180-calendar-day period if it meets other applicable Nasdaq listing standards and gives written notice of its intent to cure by effecting a reverse stock split, if necessary.
Dogness (International) Corp. reported a net loss of $27,629,171 for fiscal 2026, compared with $5,101,237 in fiscal 2025; basic and diluted loss per share was $(1.55), compared with $(0.38). Total assets were $94,122,057 as of June 30, 2026, versus $116,846,586 a year earlier, and total liabilities were $19,097,789. Two customers accounted for 26.3% and 19.5% of fiscal 2026 revenue.
Dogness is a British Virgin Islands holding company with operating subsidiaries established in mainland China, Hong Kong, Delaware and the British Virgin Islands. It reported approximately $3.6 million in bank loans outstanding as of June 30, 2026, with approximately $3.2 million expected to be repaid in one year; the debt agreements impose operating and financial restrictions. Management concluded that internal control over financial reporting was ineffective and identified material weaknesses, including a lack of full-time accounting and reporting personnel with appropriate U.S. GAAP and SEC reporting experience and a lack of risk assessment under the COSO 2013 framework. Dogness has not paid dividends and does not expect to pay cash dividends in the foreseeable future.
Dogness (International) Corp (DOGZ) reports that its Board, following a Compensation Committee recommendation, approved an amendment to Chairman and CEO Silong Chen’s employment agreement to reflect a voluntary cut in his base pay. Effective September 1, 2026, his monthly base salary is reduced from $10,000 to $5,000. The company states that this step supports building a leaner organization and aligns leadership compensation more closely with shareholder interests, with Mr. Chen signaling confidence in the company’s future by sharing in the business’s risks and rewards.
Dogness (International) Corp (DOGZ) received a Schedule 13D reporting that Ming Kai Trading International Limited, a Hong Kong company, together with its sole shareholder and director Fuxing Yang, beneficially owns 3,050,000 Class A common shares, representing 35.67% of the class.
The stake was acquired by exercising warrants issued under a Share Acquisition Agreement dated May 17, 2025, as amended. Ming Kai exercised warrants for 3,050,000 ordinary shares (2,000,000 maximum eligibility warrant shares and 1,050,000 pre-funded warrant shares) at an exercise price of $0.00001 per share, for a total of $30.50, funded from working capital. Amendment No. 1 waived the beneficial ownership limitation and removed a sixty-one day waiting period to permit full exercise. The reporting persons state they may acquire or dispose of additional securities and may engage with Dogness regarding business, governance, capitalization, strategic alternatives or other matters.
Dogness (International) Corporation reported that on August 13, 2026 it issued 3,050,000 Class A common shares upon the cash exercise of outstanding warrants. After this issuance, Dogness had 8,551,658 Class A common shares issued and outstanding as of that date.
In connection with these exercises, Dogness entered into an Amendment and Waiver that reduced the equity interest in Dogness Intelligent Technology Co., Ltd. to be acquired under the Share Acquisition Agreement from 19.5% to 6.735%, and requires this equity (the Target Equity) to be transferred to Dogness by November 6, 2026. The amendment also waived the warrants’ beneficial ownership limitation and removed a 61-day waiting period to permit full exercise. The Class A shares issued on exercise are subject to a lock-up period beginning at exercise and ending nine months after transfer and registration of the Target Equity, during which the holder is restricted from disposing of these securities, subject to customary exceptions.
Dogness (International) Corporation reported a sharp downturn for the six months ended December 31, 2025. Revenue fell to $7.71 million from $12.09 million, driven mainly by weaker sales of intelligent pet products and climbing hooks amid U.S. tariff headwinds.
Gross profit dropped to $0.87 million, with a much thinner margin as cost of revenue absorbed most of the reduced sales. The company recorded a net loss of $5.18 million, substantially wider than the prior period’s $1.82 million, including a $1.12 million impairment on its Dogness Network equity investment and higher selling expenses.
Cash and cash equivalents declined to $6.63 million from $12.83 million, mainly due to operating losses and $4.39 million of capital expenditures. Total assets were $114.45 million, with total liabilities of $19.31 million and equity of $95.14 million, reflecting a balance sheet still dominated by property and long-term investments.
Dogness (International) Corp director Shao Zhiqiang has filed an initial Form 3 as a reporting person of the company. The filing shows no reported purchases, sales, gifts, tax withholdings, restructurings, or derivative positions, indicating no insider transactions or holdings are being reported at this time.
Dogness (International) Corp CEO Chen Silong has filed an initial Form 3 reporting his ownership in the company. He holds 75,000 Class A Common Shares directly and incentive options over 75,000 Class A shares with a $20.00 exercise price expiring on January 26, 2028. He is also reported as having indirect ownership of 9,069,000 Class B Common Shares held by Fine Victory Holding Company Limited.
Dogness (International) Corp director Liu Qingshen has filed an initial ownership report on Form 3. This filing establishes Liu’s status as a director and discloses that, at the time of this report, no equity transactions or derivative positions are reported in the form.
Dogness (International) Corp executive Cao Aihua, who serves as CFO, filed an initial Form 3 as a reporting person for the company’s securities. This filing reports no transactions, with no shares bought, sold, acquired, or disposed and no derivative positions listed.