Nasdaq warns Datasea (NASDAQ: DTSS) on sub-$1 share price risk

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Datasea Inc. received a Nasdaq staff determination notice stating its common stock no longer meets the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Listing Rule 5550(a)(2), after trading below that level for 30 consecutive business days.

The company has an initial 180-day grace period, until September 23, 2026, to regain compliance by having its closing bid at or above $1.00 for at least ten consecutive business days. If it still falls short, Datasea may seek an additional 180-day period, potentially including a reverse stock split, before any delisting determination and possible appeal.

Insights

Nasdaq bid-price deficiency creates real delisting risk for Datasea.

Datasea Inc. has been notified that its shares failed the $1.00 minimum bid price for 30 straight business days, triggering a Nasdaq deficiency under Rule 5550(a)(2). This formally puts its Capital Market listing at risk if the share price does not recover.

The company has an initial 180-day window to September 23, 2026 to restore compliance by maintaining a closing bid of at least $1.00 for ten consecutive business days. If other listing criteria are satisfied, it may obtain a second 180-day period and could use a reverse stock split to boost the price.

Failure to regain compliance after these grace periods would lead Nasdaq staff to move toward delisting, though Datasea could appeal to a Hearings Panel. The company states it will monitor its closing bid price and may consider options allowed under Nasdaq rules.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice or transferred its listing to a different exchange.

Key Figures

Minimum bid price threshold: $1.00 per share Non-compliance period: 30 consecutive business days Initial compliance period: 180 calendar days +3 more

6 metrics

Minimum bid price threshold $1.00 per share Required for continued listing on The Nasdaq Capital Market under Rule 5550(a)(2)

Non-compliance period 30 consecutive business days Period during which Datasea’s bid price was below $1.00 before the notice

Initial compliance period 180 calendar days Grace period to regain bid price compliance ending on September 23, 2026

Compliance Date September 23, 2026 Deadline to restore $1.00 bid price for ten consecutive business days

Second compliance period length 180 calendar days Potential additional grace period if all other initial listing standards are met

Trading requirement to regain compliance 10 consecutive business days Closing bid must be at or above $1.00 per share

Key Terms

Nasdaq Listing Rule 5550(a)(2), minimum bid price requirement, Compliance Date, reverse stock split, +1 more

5 terms

Nasdaq Listing Rule 5550(a)(2) regulatory

"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)"

minimum bid price requirement financial

"fails to comply with the $1 minimum bid price required for continued listing"

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.

Compliance Date regulatory

"an initial compliance period of 180 calendar days, or until September 23, 2026 (the “Compliance Date”)"

The compliance date is the specific day by which a company must meet a legal, regulatory, contractual or stock-exchange requirement. Think of it like a deadline to pass an inspection or satisfy a contract term: if the company meets the deadline, normal operations continue; if it misses it, investors may face fines, changed contract terms, delisting, or other financial consequences. Investors watch these dates because they can trigger material changes in risk, cash flow, or share liquidity.

reverse stock split financial

"by effecting a reverse stock split, if necessary"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

Hearings Panel regulatory

"the Company would have an opportunity to appeal the delisting determination to a Hearings Panel"

A hearings panel is a small group of officials or experts who hold formal sessions to review evidence, question parties, and make decisions about regulatory compliance, discipline, or approvals. Think of it like a review board or courtroom for business and market issues: its findings can lead to fines, changes in a company’s permissions, or even delisting. Investors pay attention because the panel’s rulings can directly affect a company’s operations, reputation and share price.

Understanding 8-K Material Events →

04/02/2026 - 04:05 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 27, 2026

DATASEA INC.

(Exact name of registrant as specified in its charter)

Nevada		001-38767		45-2019013
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

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) (Zip Code)

Registrant’s telephone number, including area code: (+86) 10-56145240

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.001 per share		DTSS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On March 27, 2026, Datasea Inc. (the “Company”) received a staff determination notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), informing the Company that its common stock, par value $0.001 per share (the “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.

Nasdaq’s notice has no immediate effect on the listing of the Common Stock on The Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until September 23, 2026 (the “Compliance Date”), to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to the Compliance Date.

If the Company is unable to regain compliance by the Compliance Date, the Company may be eligible for an additional 180 calendar day compliance period to demonstrate compliance with the bid price requirement. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, Nasdaq will notify the Company of its determination to delist the Common Stock, at which point the Company would have an opportunity to appeal the delisting determination to a Hearings Panel.

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

SIGNATURE

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.

Dated: April 2, 2026	Datasea Inc.

	By:	/s/ Zhixin Liu
	Name:	Zhixin Liu
	Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Nasdaq warns Datasea (NASDAQ: DTSS) on sub-$1 share price risk

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