Datasea gets until March 2027 to meet $1 share test

The added window followed an initial 180-calendar-day period that ran through September 23, 2026.

Rhea-AI Filing Summary

Datasea Intelligent Technology Ltd. received an additional 180-day compliance period from Nasdaq on September 24, 2026, ending March 22, 2027, to regain compliance with the minimum bid price requirement. The closing bid price of its Class A ordinary shares must meet or exceed $1.00 per share for at least 10 consecutive business days before the deadline. The extension was granted based on the company meeting other continued listing requirements and notifying Nasdaq that it intended to cure the deficiency through a reverse stock split, if necessary. If Datasea does not regain compliance by March 22, 2027, Nasdaq will notify the company that its securities are subject to delisting; Datasea may appeal that determination to a Nasdaq Hearings Panel.

Positive

• None.

Negative

• Failure to meet the $1.00 bid-price test by March 22, 2027, brings a delisting notification.

Key Figures

Minimum closing bid price: $1.00 per share Required consecutive business days: 10 consecutive business days Additional compliance period: 180 days +3 more

6 metrics

Minimum closing bid price $1.00 per share Required to regain compliance

Required consecutive business days 10 consecutive business days Closing bid price must meet or exceed $1.00 per share for this period before the Compliance Date

Additional compliance period 180 days Granted September 24, 2026

Compliance Date March 22, 2027 Deadline to regain compliance with the minimum bid price requirement

Initial deficiency period 30 consecutive business days Period before the March 27, 2026 staff determination notice

Initial compliance period 180 calendar days Ran through September 23, 2026

Key Terms

minimum bid price requirement, continued listing requirements, reverse stock split, Nasdaq Hearings Panel

4 terms

minimum bid price requirement regulatory

"regain compliance with the minimum bid price requirement"

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.

continued listing requirements regulatory

"compliance with all other continued listing requirements"

Rules a stock exchange sets that a publicly traded company must keep meeting to stay listed and tradable on that exchange, such as minimum share price, market value, timely financial reports, and basic governance practices. Like a club’s membership rules, they matter because falling short can lead to warnings, penalties or removal from the exchange, which can cut liquidity, hurt share value and increase the risk for investors.

reverse stock split financial

"by effecting a reverse stock split, if necessary"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

Nasdaq Hearings Panel regulatory

"appeal the determination to a Nasdaq Hearings Panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

FAQ

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

What is DTSS's Nasdaq compliance deadline?

Datasea has until March 22, 2027, under an additional 180-day compliance period. Its Class A ordinary shares must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days before that date.

What happens if DTSS does not regain Nasdaq bid-price compliance?

If Datasea does not regain compliance by March 22, 2027, Nasdaq will provide written notification that the company's securities are subject to delisting. Datasea would have the right to appeal that determination to a Nasdaq Hearings Panel.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 10:01 AM Accepted by SEC EDGAR 09/28/2026 - 10:01 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 333-293463

DATASEA INTELLIGENT TECHNOLOGY LTD.

(Exact name of registrant as specified in its charter)

Room 302-5, Building C, Gemdale Viseen International Center

No.5 Shengfang Road, Daxing District, Beijing, People’s Republic of China 102600

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒         Form 40-F ☐

As previously disclosed, on March 27, 2026, Datasea Inc., the predecessor of Datasea Intelligent Technology Ltd. (the “Company”), received a staff determination notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), informing Datasea Inc. that its common stock fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) for the 30 consecutive business days prior to the date of the Notice. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with an initial compliance period of 180 calendar days, or until September 23, 2026, to regain compliance with the minimum bid price requirement. Following Datasea Inc.’s redomiciliation from Nevada to the British Virgin Islands, the Company became subject to the same Nasdaq minimum bid price compliance requirement.

On September 24, 2026, the Company was granted an additional 180-day compliance period, or until March 22, 2027 (the “Compliance Date”), to regain compliance with the minimum bid price requirement, based on the Company's compliance with all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement, and the fact the Company provided written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

To regain compliance, the closing bid price of the Company’s Class A ordinary shares must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to the Compliance Date. If the Company does not regain compliance by the Compliance Date, Nasdaq will provide written notification that the Company’s securities are subject to delisting. At that time, the Company would have the right to appeal the determination to a Nasdaq Hearings Panel.

The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 28, 2026

	Datasea Intelligent Technology Ltd.
	/s/ Zhixin Liu
	Name:	Zhixin Liu
	Title:	Chief Executive Officer

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