Yimutian faces Nasdaq value shortfall, delisting notice

Yimutian Inc. reports that Nasdaq has notified the company it no longer meets the Nasdaq Global Market requirement to maintain a minimum market value of listed securities of US$50,000,000, based on 30 consecutive business days from March 25 to May 6, 2026.

Rhea-AI Filing Summary

Yimutian Inc. reports that Nasdaq has notified the company it no longer meets the Nasdaq Global Market requirement to maintain a minimum market value of listed securities of US$50,000,000, based on 30 consecutive business days from March 25 to May 6, 2026. Yimutian has 180 calendar days, until November 9, 2026, to regain compliance if its market value reaches at least US$50,000,000 for 10 consecutive business days. Separately, Nasdaq issued a determination letter stating Yimutian is subject to delisting for failing to restore the required minimum market value of publicly held shares of US$15,000,000 by May 6, 2026. The company will appeal, which will keep its ADSs trading on the Nasdaq Global Market during the hearing process, and it plans to pursue reasonable measures to meet all continued listing standards, while cautioning there is no assurance it will succeed.

Positive

• None.

Negative

• Nasdaq delisting risk: Yimutian failed to regain the minimum market value of publicly held shares of US$15,000,000 by May 6, 2026, triggering a Nasdaq determination that the company is subject to delisting, with no assurance it can restore full compliance.

Insights

Equity and listing standards analyst

Nasdaq compliance shortfalls raise a tangible delisting risk for Yimutian.

Yimutian Inc. has fallen below two Nasdaq Global Market thresholds: a minimum market value of listed securities of US$50,000,000 and a minimum market value of publicly held shares of US$15,000,000. Nasdaq has now issued both a deficiency notice and a delisting determination.

The company has until November 9, 2026 to restore its listed securities market value, while the MVPHS grace period has already expired. An appeal of the delisting determination will keep the ADSs trading through the hearing and any granted extension, but the outcome will depend on future market values and panel decisions.

Yimutian states it intends to take reasonable measures to regain compliance with all Nasdaq listing rules, yet explicitly notes there is no assurance of success. Future company disclosures about specific remediation steps or any Nasdaq panel decision will be important to understand how long the ADSs can remain on the Nasdaq Global Market.

Key Figures

MVLS requirement: US$50,000,000 MVPHS requirement: US$15,000,000 MVLS compliance period end: November 9, 2026 +3 more

6 metrics

MVLS requirement US$50,000,000 Minimum market value of listed securities under Nasdaq Rule 5450(b)(2)(A)

MVPHS requirement US$15,000,000 Minimum market value of publicly held shares under Nasdaq Rule 5450(b)(2)(C)

MVLS compliance period end November 9, 2026 End of 180-day period to regain MVLS compliance

Deficiency measurement window 30 business days MVLS below threshold from March 25 to May 6, 2026

MVPHS grace period end May 6, 2026 Deadline to regain MVPHS compliance after November 6, 2025 notice

Date of Nasdaq notifications May 13, 2026 MVLS deficiency notice and delisting determination letter

Key Terms

market value of listed securities, market value of publicly held shares, Nasdaq Global Market, deficiency notice, +2 more

6 terms

market value of listed securities financial

"not in compliance with Nasdaq Listing Rule 5450(b)(2)(A), which requires the Company to maintain a minimum market value of listed securities"

Market value of listed securities is the market value of the shares a company has listed on an exchange, calculated as the closing bid price multiplied by the number of listed shares. Exchanges use it as a continued-listing standard, so a company that stays under the required minimum receives a deficiency notice and is given a set period to recover before facing delisting.

market value of publicly held shares financial

"failure to regain compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C)"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

Nasdaq Global Market financial

"for continued listing on the Nasdaq Global Market (the “MVLS Requirement”)"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

deficiency notice regulatory

"received a written notification (the “MVLS Deficiency Notice”) from Nasdaq"

A deficiency notice is a formal letter from a regulator, stock exchange, or securities authority saying that a company’s required filing, disclosure, or compliance item is missing, incomplete, or does not meet rules. It matters to investors because it can delay deals or financial reports, signal higher regulatory or operational risk, and reduce confidence in a company’s transparency—similar to getting a repair notice that must be fixed before normal activity can resume.

determination letter regulatory

"also received a determination letter (the “Determination Letter”) from Nasdaq"

continued listing requirements regulatory

"to regain compliance with the MVLS Requirement, the MVPHS Requirement and other relevant continued listing requirements under the Nasdaq Listing Rules"

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.

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

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Accepted by SEC EDGAR 05/20/2026 - 06:14 AM EDT 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 May 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		Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Market Value of Listed Securities Requirement and Nasdaq Delisting Notice Subject to Hearing Request

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: May 20, 2026

2

Exhibit 99.1

Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Market Value of Listed Securities Requirement and Nasdaq Delisting Notice Subject to Hearing Request

BEIJING, May 19, 2026 (GLOBE NEWSWIRE) -- Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced that it received two written notifications from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on May 13, 2026, the details of which are described below.

On May 13, 2026, the Company received a written notification (the “MVLS Deficiency Notice”) from Nasdaq on May 13, 2026, notifying the Company that it is currently not in compliance with Nasdaq Listing Rule 5450(b)(2)(A), which requires the Company to maintain a minimum market value of listed securities (“MVLS”) of US$50,000,000 for continued listing on the Nasdaq Global Market (the “MVLS Requirement”). Based on the Company’s MVLS for the 30 consecutive business days from March 25, 2026 to May 6, 2026, the Company no longer meets this requirement. The MVLS Deficiency 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 MVLS Deficiency Notice does not impact the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission (the “SEC”).

Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days, or until November 9, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s MVLS Requirement. If at any time during the Compliance Period, the Company’s MVLS closes at US$50,000,000 or more for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

Additionally, on May 13, 2026, the Company also received a determination letter (the “Determination Letter”) from Nasdaq, notifying the Company that, due to the its failure to regain compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C) by May 6, 2026, the Company is subject to delisting. The Company will be filing an appeal, which will stay any further delisting proceedings though the hearing or any extension the Hearings panel may grant and the securities will continue to be listed on The Nasdaq Global Market.

As previously disclosed, on November 6, 2025, the Company was notified by Nasdaq that, for the previous 30 consecutive trading days the Company’s MVPHS had been below the minimum US$15,000,000 required for continued listing as set forth in Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Requirement”), and the Company was provided with 180 calendar days, or until May 6, 2026, to regain compliance with this rule. The Company did not regain compliance with the MVPHS Requirement by May 6, 2026.

The Company intends to take all reasonable measures available to regain compliance with the MVLS Requirement, the MVPHS Requirement and other relevant continued listing requirements under the Nasdaq Listing Rules and to remain listed on Nasdaq. However, there can be no assurances that the Company would ultimately be able to regain compliance with all applicable requirements for continued listing on Nasdaq.

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 YIMUTIAN INC. ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION REGARDING MARKET VALUE OF 9.5 KB