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WiMi gets until April 28, 2027 to meet Nasdaq $1 rule

The notice has no immediate effect on WIMI's Nasdaq listing or trading; a second 180-day compliance period may be available subject to Nasdaq conditions.

Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

WiMi Hologram Cloud Inc. received a Nasdaq notice that its Class B ordinary shares did not meet the $1.00 minimum bid price requirement after 30 consecutive business days from September 18, 2026, through October 29, 2026. The notice has no immediate effect on listing or trading. WiMi has until April 28, 2027, to regain compliance; Nasdaq will confirm compliance if the closing bid is at least $1.00 for 10 consecutive business days.

If WiMi does not regain compliance by that deadline, it may be eligible for another 180-day period if it meets the market-value requirement for publicly held shares and other initial listing standards for the Nasdaq Capital Market, except the minimum bid price requirement. It would also need to submit a transfer application, pay the applicable fee, and provide written notice of its intention to cure. WiMi said it will evaluate options, including seeking shareholder approval for a reverse stock split.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Moderate pointNasdaq notified WIMI of failure to meet the $1.00 minimum bid-price rule.

Filing Explained

WiMi lists seeking shareholder approval for a reverse split as one possible cure; if effected, a reverse split would reduce shares outstanding and proportionally raise the per-share price, while leaving company value unchanged by the split itself.

Minimum bid price $1.00 per share Nasdaq continued-listing requirement
Bid-price review period 30 consecutive business days September 18, 2026, through October 29, 2026
Initial compliance period 180 calendar days Through April 28, 2027
Consecutive days to regain compliance 10 consecutive business days Closing bid price must be at least $1.00 per share
Potential additional compliance period 180 days May be available if Nasdaq's stated conditions are met
minimum bid price requirement regulatory
"minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1)"
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 requirement regulatory
"continued listing requirement for the market value of publicly held shares"
Rules a stock exchange sets that a publicly traded company must follow to keep its shares listed, such as minimum share price, market value, shareholder equity, and timely financial reporting. These rules matter to investors because failing them can lead to removal from the exchange, which can make shares harder to buy or sell and often lowers their value — like a club with membership requirements where losing eligibility restricts access and signals trouble.
Nasdaq Capital Market regulatory
"all other initial listing standards for the Nasdaq Capital Market"
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
"seeking shareholder approval to effect a reverse stock split"
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.

FAQ

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

Can WIMI get another Nasdaq compliance period?

WiMi may be eligible for an additional 180-day compliance period if it meets Nasdaq Capital Market's market-value requirement for publicly held shares and other initial listing standards, except the minimum bid price requirement. It would also need to submit a transfer application, pay the applicable fee, and provide written notice of its intention to cure.

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

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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 November 2026

 

Commission File Number: 001-39257

 

WIMI HOLOGRAM CLOUD INC.

(Registrant’s Name)

 

Room#1508, 4th Building, Zhubang 2000 Business Center,

No. 97, Balizhuang Xili,

Chaoyang District, Beijing

(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 FORM 6-K

 

Receipt of Nasdaq Minimum Bid Price Notification

 

On October 30, 2026, WiMi Hologram Cloud Inc. (the “Company”) received a written notification (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market.

 

Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share. Based upon the closing bid price of the Company’s Class B Ordinary Shares for the 30 consecutive business days from September 18, 2026, to October 29, 2026, the Company no longer meets this requirement.

 

The Notification Letter has no immediate effect on the listing or trading of the Company’s Class B Ordinary Shares on the Nasdaq Global Market.

 

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a compliance period of 180 calendar days, or until April 28, 2027 (the “Compliance Period”), to regain compliance with the minimum bid price requirement. If at any time during the Compliance Period, the closing bid price of the Company’s Class B Ordinary Shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company written confirmation of compliance, and the matter will be closed.

 

If the Company does not regain compliance by April 28, 2027, the Company may be eligible for an additional 180-day compliance period, provided that it meets the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement. To qualify, the Company would be required to submit a transfer application, pay the applicable fee, and provide written notice of its intention to cure the deficiency during the second compliance period, which may include effecting a reverse stock split.

 

The Company intends to actively monitor the closing bid price of its Class B Ordinary Shares and will evaluate all available options to regain compliance within the prescribed compliance period, including, but not limited to, seeking shareholder approval to effect a reverse stock split of its issued and outstanding ordinary shares.

 

Forward-Looking Statements

 

This Form 6-K contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s ability to regain compliance with Nasdaq’s continued listing standards, the timing and successful execution of any reverse stock split, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

 

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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, thereunto duly authorized.

 

  WIMI HOLOGRAM CLOUD INC.
   
  By: /s/ Shuo Shi
  Name:   Shuo Shi
  Title: Chief Executive Officer and Director

 

Date: November 2, 2026

 

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