STOCK TITAN

Nasdaq warns ICZOOM (NASDAQ: IZM) on sub-$1 minimum bid price

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ICZOOM Group Inc. received a Nasdaq notice on April 13, 2026 stating its Class A ordinary shares failed to meet the $1.00 minimum bid price for 30 consecutive business days under Nasdaq Listing Rule 5550(a)(2).

The shares remain listed and trading under the symbol IZM, and Nasdaq has granted a 180‑day compliance period to October 12, 2026. ICZOOM can regain compliance if its closing bid price is at least $1.00 for 10 consecutive business days during this period, and may qualify for an additional 180 days if other listing standards are met. The company is evaluating options, which may include a reverse stock split, but there is no assurance it will regain or maintain compliance.

Positive

  • None.

Negative

  • Nasdaq minimum bid price deficiency notice signals that ICZOOM’s Class A shares have traded below $1.00 for 30 consecutive business days, starting a compliance clock and introducing a meaningful risk of eventual Nasdaq delisting if the company cannot restore and sustain the required bid price.

Insights

Nasdaq bid‑price deficiency introduces real delisting risk for ICZOOM.

ICZOOM Group Inc. has fallen below Nasdaq’s $1.00 minimum bid price requirement for 30 consecutive business days, triggering a formal deficiency notice under Nasdaq Listing Rule 5550(a)(2). This puts the company on a defined timeline to restore its share price.

Nasdaq has granted an initial 180-day compliance window to October 12, 2026. ICZOOM must achieve a closing bid of at least $1.00 for 10 straight business days, or risk moving toward delisting unless it qualifies for a second 180‑day period.

The disclosure explicitly mentions potential use of a reverse stock split to cure the deficiency. Actual impact will hinge on whether the share price recovers organically or via corporate actions before the end of the compliance periods, as outlined in future company communications.

Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold for ICZOOM Class A shares
Non-compliance period length 30 consecutive business days Period during which ICZOOM’s bid price was below $1.00
Initial compliance period 180 calendar days From notice date through October 12, 2026 to regain compliance
Compliance price restoration test 10 consecutive business days Minimum span with bid at or above $1.00 to cure deficiency
Potential extended period Additional 180 calendar days Possible second grace period if other Nasdaq standards are met
Minimum Bid Price Rule regulatory
"did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”)"
A minimum bid price rule is a stock market requirement that a listed company's share must trade above a set minimum price over a specified period to remain listed on an exchange. It matters to investors because falling below that threshold can trigger warnings, potential delisting, and reduced liquidity—similar to a student needing a passing grade to stay enrolled—making the shares harder to buy, sell, or value accurately.
Nasdaq Listing Rule 5550(a)(2) regulatory
"did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2)"
Nasdaq Capital Market regulatory
"all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
reverse stock split financial
"including 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.
forward-looking statements regulatory
"Certain statements in this announcement are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

 

 

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 April 2026

 

Commission File Number: 001-41645

 

ICZOOM GROUP INC.

(Registrant’s Name)

 

Room 3801, Building A, Sunhope e·METRO, No. 7018 Cai Tian Road

Futian District, Shenzhen

Guangdong, China, 518000

Tel: 86 755 86036281

(Address of Principal Executive Offices)

 

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

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

Information contained in this report

 

On April 13, 2026, ICZOOM Group Inc., a Cayman Islands exempted company (the “Company”) received a notice in the form of a letter dated April 13, 2026, from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its Class A ordinary shares was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”).

 

The Nasdaq notification letter does not result in the immediate delisting of the Company’s Class A ordinary shares, and the Class A ordinary shares will continue to trade under the symbol “IZM” at this time.

 

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given a compliance period of one hundred eighty (180) calendar days, or until October 12, 2026 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Rule. If at any time during the Compliance Period, the closing bid price per share of the Company’s Class A ordinary shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

 

In the event the Company does not regain compliance by October 12, 2026, the Company may be eligible for an additional 180 calendar day grace period. 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 of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company meets these requirements, the Staff will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff will provide notice that its securities will be subject to delisting.

 

The Company intends to monitor the bid price of its Class A ordinary shares and consider available options to regain compliance with the Minimum Bid Price Rule. While the Company is exercising diligent efforts to maintain the listing of its Class A ordinary shares on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards.

 

The Company, by filing this Form 6-K, discloses its receipt of the Nasdaq notification letter regarding the minimum bid price requirement in accordance with Nasdaq Listing Rule 5810(b).

 

On April 14, 2026, the Company issued a press release announcing the receipt of the Nasdaq notification letter. A copy of the press release dated April 14, 2026 is included as Exhibit 99.1 to this report.

 

Exhibits

 

Exhibit No.   Description
99.1*   Press Release dated April 14, 2026

 

* Furnished herewith.

 

1

 

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, thereunto duly authorized.

 

  ICZOOM Group Inc.
     
Date: April 14, 2026 By: /s/ Lei Xia
  Name:   Lei Xia
  Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

ICZOOM Group Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

 

Hong Kong, April 14, 2026 (GLOBE NEWSWIRE) -- ICZOOM Group Inc. (Nasdaq: IZM) (the “Company”), a B2B electronic component products e-commerce platform, today announced that on April 13, 2026, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the closing bid price of the Class A ordinary shares of the Company for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.

 

The notification has no immediate effect on the listing or trading of the Company’s Class A ordinary shares on Nasdaq. Nasdaq has provided the Company with an 180 calendar days compliance period, or until October 12, 2026, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company 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 is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, 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.

 

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), 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 requirement.

 

About ICZOOM Group Inc.

 

ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform. These products are primarily used by China based small and medium-sized enterprises (“SMEs”) in the consumer electronic industry, Internet of Things (“IoT”), automotive electronics and industry control segments. By utilizing latest technologies, the Company’s platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance.

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “should,” “will,” “could” and similar expressions. 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, except as may be required by law. 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 statement and other filings with the U.S. Securities and Exchange Commission.

 

For more information, please contact:

 

ICZOOM Group Inc.

 

Lei Xia

 

Chief Executive Officer

 

Email: iczoomir@mtxpack.com

FAQ

What did ICZOOM Group Inc. (IZM) disclose about its Nasdaq listing status?

ICZOOM disclosed it received a Nasdaq notice that its Class A ordinary shares no longer meet the $1.00 minimum bid price requirement for 30 consecutive business days. The shares remain listed, but the company now faces defined deadlines to regain compliance and avoid potential delisting.

How long does ICZOOM (IZM) have to regain Nasdaq minimum bid price compliance?

Nasdaq granted ICZOOM an initial 180‑day compliance period, running through October 12, 2026. If the company meets other Nasdaq Capital Market standards, it may qualify for an additional 180 days, extending the window to resolve the bid price deficiency before delisting proceedings.

What must ICZOOM’s share price do to regain Nasdaq compliance?

To regain compliance, ICZOOM’s 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 within the compliance period. Nasdaq will then issue written confirmation that the company has cured the deficiency.

Could ICZOOM (IZM) be delisted from Nasdaq because of this notice?

ICZOOM faces potential Nasdaq delisting if it cannot restore compliance with the minimum bid price rule within the allowed 180‑day period, and any additional 180‑day extension it may receive. Nasdaq staff would then notify the company that its securities are subject to delisting procedures.

What options is ICZOOM Group Inc. considering to fix the bid price deficiency?

ICZOOM states it is evaluating options to regain compliance with Nasdaq’s minimum bid price rule. The company notes it could, if necessary, pursue a reverse stock split during a second 180‑day compliance period, though there is no assurance any specific measure will succeed.

Does the Nasdaq minimum bid price notice immediately affect ICZOOM’s trading?

The notice has no immediate effect on listing or trading of ICZOOM’s Class A ordinary shares. The stock continues to trade on the Nasdaq Capital Market under the symbol IZM while the company works within the defined compliance periods to restore the bid price above $1.00.

Filing Exhibits & Attachments

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