Yimutian flagged by Nasdaq over $1 bid price rule

Yimutian Inc. reported that Nasdaq has notified the company it is not meeting the $1.00 minimum bid price requirement for continued listing on the Nasdaq Global Market.

Rhea-AI Filing Summary

Yimutian Inc. reported that Nasdaq has notified the company it is not meeting the $1.00 minimum bid price requirement for continued listing on the Nasdaq Global Market. The deficiency is based on closing bid prices between February 18, 2026 and April 1, 2026.

The notice has no immediate effect on the listing status, and the company’s ADSs will continue trading on Nasdaq. Yimutian has 180 calendar days, until September 29, 2026, to regain compliance by having its ADS closing bid price at or above $1.00 for at least ten consecutive business days.

The company is evaluating options to regain compliance, including a potential change to the ratio between its ADSs and Class A ordinary shares, but there is no assurance it will meet Nasdaq’s continued listing requirements or avoid possible delisting.

Positive

• None.

Negative

• Nasdaq minimum bid price deficiency: Yimutian’s ADSs failed to meet the $1.00 minimum bid price requirement over an extended period and now face a September 29, 2026 deadline to regain compliance or risk potential delisting from the Nasdaq Global Market.

Insights

Equity Markets & Listing Standards Analyst

Yimutian faces Nasdaq bid-price noncompliance with a defined cure window.

Yimutian Inc. has fallen below Nasdaq’s $1.00 minimum bid price requirement, triggering a formal deficiency notice. The company’s ADSs remain on the Nasdaq Global Market, but it now operates under Listing Rule 5810(c)(3)(A)’s remediation framework.

The company has until September 29, 2026 to restore its ADS closing bid to at least $1.00 for ten consecutive business days. Management is considering structural steps, including changing the ratio between ADSs and Class A ordinary shares, which can effectively adjust the per-ADS price without altering overall equity value.

If Yimutian fails to regain compliance or qualify for an additional cure period, its securities may be subject to delisting from Nasdaq. That would shift trading to less prominent venues and could affect liquidity, so subsequent disclosures on any ratio change or other corrective actions will be important context from future company filings.

Key Figures

Minimum bid price threshold: $1.00 per ADS Noncompliance observation period: February 18, 2026 to April 1, 2026 Initial cure period end date: September 29, 2026 +1 more

4 metrics

Minimum bid price threshold $1.00 per ADS Nasdaq Listing Rule 5450(a)(1) requirement

Noncompliance observation period February 18, 2026 to April 1, 2026 Period used to determine bid-price deficiency

Initial cure period end date September 29, 2026 180-day window to regain Nasdaq compliance

Compliance condition ≥ $1.00 for 10 days ADS closing bid price must meet or exceed threshold for ten consecutive business days

Key Terms

minimum bid price requirement, Nasdaq Listing Rules, Listing Rule 5450(a)(1), Listing Rule 5810(c)(3)(A), +1 more

5 terms

minimum bid price requirement financial

"not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules"

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.

Nasdaq Listing Rules regulatory

"minimum bid price requirement under the Nasdaq Listing Rules"

Nasdaq listing rules are the rulebook a company must follow to have its shares traded on the Nasdaq stock exchange, covering entry requirements and ongoing standards for finances, corporate governance, public disclosure and reporting. For investors they matter because the rules create baseline checks — like a driver’s license and regular inspections for a car — that promote transparency, comparability and reduce the risk of fraud or sudden delisting.

Listing Rule 5450(a)(1) regulatory

"minimum bid price requirement set forth in Listing Rule 5450(a)(1)"

Listing Rule 5810(c)(3)(A) regulatory

"The Notice states that under Listing Rule 5810(c)(3)(A), the Company is provided with a period of 180 calendar days"

American Depositary Shares financial

"no immediate effect on the listing of the Company’s American Depositary Shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

FAQ

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

What Nasdaq issue did Yimutian Inc. (YMT) disclose on its Form 6-K?

Yimutian disclosed it received a Nasdaq notice for failing to meet the $1.00 minimum bid price requirement. The deficiency is based on closing bid prices between February 18 and April 1, 2026, but has no immediate effect on its Nasdaq Global Market listing.

Does the Nasdaq minimum bid price notice immediately affect Yimutian Inc. (YMT) listing?

The Nasdaq notice has no immediate effect on Yimutian’s listing. Its American Depositary Shares continue trading on the Nasdaq Global Market while the company works within a defined cure period to regain compliance with the minimum bid price rule.

How long does Yimutian Inc. (YMT) have to regain Nasdaq bid price compliance?

Yimutian has 180 calendar days, until September 29, 2026, to regain compliance. To do so, its ADS closing bid price must be at least $1.00 per ADS for a minimum of ten consecutive business days, subject to Nasdaq’s discretion on that period.

What steps may Yimutian Inc. (YMT) take to address the Nasdaq deficiency?

Yimutian is evaluating options to regain compliance, including changing the ratio between its ADSs and Class A ordinary shares. Such a ratio change can effectively increase the ADS trading price while keeping the company’s overall equity value structurally aligned.

Could Yimutian Inc. (YMT) be delisted from Nasdaq due to the bid price issue?

If Yimutian does not regain compliance by September 29, 2026, and does not qualify for an additional period, its securities may face delisting. Nasdaq would then issue a delisting notice, although the company could pursue further remedies depending on eligibility.

Does the Nasdaq notice change Yimutian Inc. (YMT) business or SEC reporting obligations?

The company states the Nasdaq notice does not affect its business operations or SEC reporting obligations. Yimutian continues to operate normally while addressing the bid price deficiency and maintaining required filings with the U.S. Securities and Exchange Commission.

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

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Accepted by SEC EDGAR 04/09/2026 - 08:12 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 April 2026

Commission File Number: 001-42760

Yimutian Inc.

(Registrant’s Name)

6/F, Building B-6, Block A Zhongguancun
Dongsheng Technology Campus No. 66
Xixiaokou Road
Haidian District, Beijing 100192
The People’s Republic of China

(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 ☐

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release—Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price

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.

	Yimutian Inc.
	By	/s/ Shijie Chen
	Name:	Shijie Chen
	Title:	Director and Chief Financial Officer

Date: April 9, 2026

2

Exhibit 99.1

Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price

BEIJING, April 8th, 2026 (GLOBE NEWSWIRE) – Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced that it received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 2, 2026 indicating that the Company is not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules (the “Listing Rules”). Based on the closing bid price of the Company’s listed securities from February 18, 2026 to April 1, 2026, the Company has not met the minimum bid price requirement set forth in Listing Rule 5450(a)(1) during that period. The Notice is only a notification of deficiency and has no immediate effect on the listing of the Company’s American Depositary Shares (“ADS”). The Company’s ADSs will continue to trade on the Nasdaq Global Market at this time. The Company’s receipt of the Notice does not impact the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission.

The Notice states that under Listing Rule 5810(c)(3)(A), the Company is provided with a period of 180 calendar days, or until September 29, 2026, to regain compliance with the Listing Rules. To regain compliance with the Listing Rules, the closing bid price of the Company’s ADSs must meet or exceed $1.00 per ADS for at least ten consecutive business days, unless Nasdaq exercises its discretion to extend this ten-day period. In the event the Company does not regain compliance by September 29, 2026, the Company may be eligible for an additional period to regain compliance or may face delisting.

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement, including a change of ratio of its ADSs and Class A ordinary shares. Although the Company will use all reasonable efforts to achieve compliance with the Minimum Bid Requirement, 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 requirements. 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.

About Yimutian Inc.

Yimutian Inc, is a leading agricultural B2B platform in mainland China. Over a decade, the company has been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, and making it efficient, transparent, secure, and convenient.

For more information, please visit https://ir.ymt.com/.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, these forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor inquiries, please contact:

Email: ir@ymt360.com Phone: +86 1057086561

For media inquiries, please contact:

Email: pr@ymt360.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE-YIMUTIAN INC. ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION REGARDING M 7.0 KB