Zhibao Technology (NASDAQ: ZBAO) faces Nasdaq $1 bid-price deadline
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Zhibao Technology Inc. reports that Nasdaq notified it on July 10, 2026 that its Class A ordinary shares no longer meet the Minimum Bid Price Requirement, because the closing bid was below $1.00 per share from May 27, 2026 to July 9, 2026.
Under Nasdaq Listing Rule 5810(c)(3)(A), the company has a 180-day compliance period, until January 6, 2027, to restore its bid price to at least $1.00 for a minimum of 10 consecutive business days. If it still fails to comply, including after any possible additional 180-day extension, its Class A ordinary shares would be subject to delisting from the Nasdaq Capital Market.
Zhibao states it is monitoring the closing bid price and evaluating options to address the deficiency, while cautioning that there can be no assurance it will regain or maintain compliance.
Positive
- None.
Negative
- Nasdaq has found Zhibao Technology out of compliance with the $1.00 Minimum Bid Price Requirement, creating a clear delisting risk if the share price is not restored to compliance within the current or any extended deadline.
Key Figures
Minimum bid price threshold: $1.00 per share
Initial compliance period: 180 calendar days
Compliance deadline: January 6, 2027
+2 more
5 metrics
Minimum bid price threshold
$1.00 per share
Closing bid for Class A ordinary shares was below this from May 27, 2026 to July 9, 2026.
Initial compliance period
180 calendar days
Time allowed, until January 6, 2027, to regain compliance with Nasdaq Rule 5550(a)(2).
Compliance deadline
January 6, 2027
End of the initial 180-day period to restore the bid price to at least $1.00.
Required compliance streak
10 consecutive business days
Bid price must be at least $1.00 per share for this duration within the compliance period.
Potential additional period
180 calendar days
Possible second compliance period if other Nasdaq initial listing standards are met.
Key Terms
Minimum Bid Price Requirement, Nasdaq Listing Rule 5810(c)(3)(A), InsurTech, digital embedded insurance, +1 more
5 terms
Minimum Bid Price Requirement regulatory
"Not in compliance with Nasdaq Rule 5550(a)(2), the Minimum Bid Price Requirement."
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 Rule 5810(c)(3)(A) regulatory
"In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days."
InsurTech financial
"Zhibao Technology Inc. is a leading and high growth InsurTech company."
Insurtech is the use of technology to improve and innovate the insurance industry. It involves developing digital tools and platforms that make buying, managing, and claiming insurance easier, faster, and more personalized—similar to how online banking transformed traditional banking services. For investors, insurtech represents an opportunity to support companies that are changing how insurance works and potentially capturing new markets through innovation.
digital embedded insurance financial
"2B2C digital embedded insurance is the Company’s innovative business model."
Insurance that is built directly into a digital purchase or service experience so customers can buy coverage at the moment they need it, often automatically and with a few taps. Think of it like a seatbelt offered as part of a car checkout: it turns protection into a seamless add-on, which matters to investors because it creates new, low-cost distribution channels, predictable small purchases at scale, and richer customer data that can boost revenue and lower sales costs.
PaaS (Platform as a Service) technical
"The first digital insurance brokerage platform is powered by their proprietary PaaS."
FAQ
What Nasdaq issue did Zhibao Technology (ZBAO) disclose?
Zhibao Technology disclosed it is not in compliance with Nasdaq’s Minimum Bid Price Requirement because its Class A ordinary shares traded below $1.00 per share from May 27, 2026 to July 9, 2026, triggering a formal deficiency notice from Nasdaq.
How long does Zhibao Technology (ZBAO) have to regain Nasdaq compliance?
Zhibao has 180 calendar days, until January 6, 2027, to regain compliance. It must lift its closing bid price to at least $1.00 per share for 10 consecutive business days within this period under Nasdaq Listing Rule 5810(c)(3)(A).
What happens if Zhibao Technology (ZBAO) does not meet the $1.00 bid price by January 6, 2027?
If Zhibao does not regain compliance by January 6, 2027, it may qualify for an additional 180-day period if it meets other Nasdaq listing standards. Ultimately, failure to comply by the end of all allowed periods would subject its shares to delisting.
What must Zhibao Technology (ZBAO) do to regain Nasdaq minimum bid price compliance?
To regain compliance, Zhibao’s Class A ordinary shares must close at or above $1.00 per share for at least 10 consecutive business days during the compliance period. Nasdaq would then issue written confirmation that the deficiency has been cured.
Is Zhibao Technology (ZBAO) being delisted from Nasdaq now?
No. The Nasdaq letter is a deficiency notification only and has no current effect on the listing or trading of Zhibao’s Class A ordinary shares. Delisting would occur only if the company ultimately fails to regain compliance within the allowed time.
What business does Zhibao Technology (ZBAO) operate?
Zhibao is described as a high-growth InsurTech company providing digital insurance brokerage services in China. It uses a 2B2C digital embedded insurance model and proprietary PaaS-based platforms to deliver over 40 digital insurance solutions across multiple industries.