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Jin Medical (NASDAQ: ZJYL) regains Nasdaq minimum bid-price compliance

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Jin Medical International Ltd. reports that it has regained compliance with Nasdaq’s minimum bid price requirement. The company’s Class A ordinary shares closed at or above $1.00 for thirteen consecutive business days from March 16, 2026 to April 1, 2026, satisfying Nasdaq Listing Rule 5550(a)(2).

To help address the prior deficiency, the board approved a 1-for-20 share consolidation effective March 16, 2026. After this consolidation, authorized capital is 45,000,000 Class A and 5,000,000 Class B ordinary shares, and 6,827,355 Class A and 1,000,000 Class B shares are issued and outstanding.

Positive

  • Nasdaq compliance restored: Jin Medical has regained compliance with Nasdaq Listing Rule 5550(a)(2) after its Class A shares maintained a closing bid price of at least $1.00 for thirteen consecutive business days, reducing near-term delisting risk and helping preserve trading liquidity on the Nasdaq Capital Market.

Negative

  • None.

Insights

Regaining Nasdaq bid-price compliance removes near-term delisting risk.

Jin Medical confirms its shares met Nasdaq’s Minimum Bid Price Requirement by trading at or above $1.00 for thirteen consecutive business days after a 1-for-20 share consolidation. This restores compliance under Nasdaq Listing Rule 5550(a)(2).

The earlier deficiency had created uncertainty around continued Nasdaq listing. With compliance regained, the stock remains eligible for the Capital Market, which can support liquidity and visibility. This update is also incorporated by reference into the company’s Form F-3 registration statement.

Minimum bid price threshold $1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement
Consecutive days at or above $1.00 13 business days March 16, 2026 to April 1, 2026 closing bids
Share consolidation ratio 1-for-20 Combination of all authorized and issued Class A and Class B shares
Authorized Class A shares 45,000,000 shares After share consolidation, par value US$0.001 each
Authorized Class B shares 5,000,000 shares After share consolidation, par value US$0.001 each
Issued Class A shares 6,827,355 shares Issued and outstanding as of this Form 6-K
Issued Class B shares 1,000,000 shares Issued and outstanding as of this Form 6-K
Existing plant area 230,000 square feet Two manufacturing plants in Changzhou and Taizhou, Jiangsu Province
New facility size 430,000 square feet Facility under establishment in Chuzhou, Anhui Province
Minimum Bid Price Requirement market
"the Company had regained compliance with Listing 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.
share consolidation financial
"to determine, in its sole discretion, whether and when to effect any share consolidation in accordance with the shareholders’ approval"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
Nasdaq Listing Rule 5550(a)(2) regulatory
"confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement"
Form 6-K regulatory
"As previously disclosed in the report on Form 6-K filed with the U.S. Securities and Exchange Commission"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
registration statement on Form F-3 regulatory
"incorporated by reference into the registration statement on Form F-3 (File No. 333-288314)"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
forward-looking statements regulatory
"This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995"
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.

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

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FAQ

What did Jin Medical International Ltd. (ZJYL) announce in this Form 6-K?

Jin Medical announced it has regained compliance with Nasdaq’s minimum bid price rule. Its Class A shares closed at or above $1.00 for thirteen consecutive business days, meaning the stock now again satisfies Nasdaq Listing Rule 5550(a)(2) for continued listing.

How did Jin Medical (ZJYL) regain Nasdaq’s Minimum Bid Price Requirement?

Jin Medical regained compliance after its Class A ordinary shares maintained a closing bid of at least $1.00 per share for thirteen straight business days from March 16 to April 1, 2026, meeting Nasdaq’s specified minimum bid price threshold.

What share consolidation did Jin Medical (ZJYL) implement to support compliance?

The board approved a 1-for-20 share consolidation of all authorized and issued Class A and Class B ordinary shares. This share combination became effective on Nasdaq on March 16, 2026 at 9:00 a.m. Eastern Time and reduced the number of shares outstanding.

How many Jin Medical shares are outstanding after the consolidation?

After the 1-for-20 share consolidation, Jin Medical has 6,827,355 Class A ordinary shares and 1,000,000 Class B ordinary shares issued and outstanding. Authorized capital is 45,000,000 Class A shares and 5,000,000 Class B shares, each with par value of US$0.001.

What is Nasdaq Listing Rule 5550(a)(2) mentioned by Jin Medical (ZJYL)?

Nasdaq Listing Rule 5550(a)(2) is the minimum bid price requirement for Nasdaq Capital Market companies. It generally requires a listed company’s shares to maintain a closing bid price of at least $1.00 per share for a specified consecutive trading-day period.

How does this filing relate to Jin Medical’s existing Form F-3 registration?

The Form 6-K states it is incorporated by reference into Jin Medical’s Form F-3 registration statement (File No. 333-288314. This means the information about Nasdaq compliance becomes legally part of that registration for future securities offerings documentation.

 

 

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: 001-41661

 

Jin Medical International Ltd.

(Exact name of registrant as specified in its charter)

 

No. 33 Lingxiang Road, Wujin District

Changzhou City, Jiangsu Province

People’s Republic of China

(Address of Principal Executive Office)

 

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

 

Form 20-F ☒   Form 40-F

 

 

 

 

 

Nasdaq Minimum Bid Price Requirement Compliance Regained and Press Release

 

On April 2, 2026,  Jin Medical International Limited, an exempted company incorporated in the Cayman Islands (the “Company”) received written notice from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company had regained compliance with Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The closing bid price of the Company’s Class A ordinary shares had been at $1.00 per share or greater for more than ten (10) consecutive business days. In particular, the Staff determined that for the thirteen (13) consecutive business days from March 16, 2026 to April 1, 2026, the Company was able to maintain a minimum bid price of $1.00 per share.

 

As previously disclosed in the report on Form 6-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 2, 2025 by the Company, the Company received a deficiency letter from the Staff of Nasdaq informing the Company that, based upon the closing bid price of the Company’s ordinary shares over the 30 consecutive business day period between March 20, 2025 and May 1, 2025, the Company was not in compliance with the Minimum Bid Price Requirement.

 

As previously disclosed in the Company’s annual report for the fiscal year ended September 30, 2025 on Form 20-F filed with the SEC on February 10, 2026, the Company was initially granted a 180-day compliance period through October 29, 2025, and, after not regaining compliance during that period, Nasdaq granted the Company an additional 180-day compliance period that commenced on October 31, 2025.

 

As previously disclosed in the report on Form 6-K filed with the SEC on March 17, 2026, the Company’s board of directors (the “Board”) was authorized pursuant to shareholders’ vote at the Company’s 2026 extraordinary general meeting on January 30, 2026, to determine, in its sole discretion, whether and when to effect any share consolidation in accordance with the shareholders’ approval. On February 3, 2026, the Board approved a combination of all of the Company’s authorized and issued Class A ordinary shares and Class B ordinary shares at a ratio of one-for-twenty (1-for-20) (the “Share Consolidation”). The Share Consolidation became effective with Nasdaq on March 16, 2026 at 09:00 a.m., Eastern Time.

 

After the Share Consolidation, the Company’s authorized share capital became US$50,000 divided into 45,000,000 Class A ordinary shares of a par value of US$0.001 each, and 5,000,000 Class B ordinary shares of a par value of US$0.001 each. As of the date of this current report on Form 6-K (this “Report”), the Company has 6,827,355 Class A ordinary shares issued and outstanding, and 1,000,000 Class B ordinary shares issued and outstanding.

 

On April 7, 2026, the Company published a press release entitled “Jin Medical International Ltd. Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement”, a copy of which is attached hereto as Exhibit 99.1.

 

This Report shall be deemed to be incorporated by reference into the registration statement on Form F-3 (File No. 333-288314) (the “Registration Statement”), and to be a part of the Registration Statement from the date on which this Report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release dated April 7, 2026

 

2

 

 

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.

 

  Jin Medical International Ltd.
     
Date: April 7, 2026 By: /s/ Erqi Wang
    Erqi Wang
    Chief Executive Officer

 

 

3

 

Exhibit 99.1

 

Jin Medical International Ltd. Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement

 

CHANGZHOU, China, April 7, 2026 /PRNewswire/ -- Jin Medical International Ltd. (NASDAQ: ZJYL) (“Jin Medical”, and together with all its subsidiaries and consolidated entities, the “Company”), a NASDAQ-listed leading provider of rehabilitation medical equipment, today announced that it has received written notification from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement.

 

The Company regained compliance after its Class A ordinary shares maintained a closing bid price of at least $1.00 per share for more than ten (10) consecutive business days.

 

The Company will continue to focus on its core business operations and ongoing strategic initiatives.

 

About Jin Medical International Ltd.

 

Founded in 2006 and headquartered at Changzhou, Jiangsu Province of China, Jin Medical designs, develops, manufactures and markets wheelchairs and living aids products for people with disabilities, elderlies, and for rehabilitation application. Currently, Jin Medical already operates two manufacturing plants of approximately 230,000 square feet in the aggregate in Changzhou City and Taizhou City, Jiangsu Province, China. Jin Medical is currently establishing a new facility with 430,000 square feet in Chuzhou, Anhui Province, China. Jin Medical works with more than 40 distributors in China and more than 20 international distributors. The majority of Jin Medical’s wheelchair products, with more than 30 models, are sold to distributors in Japan and China. Jin Medical continuously delivers innovative wheelchair products that are both lightweight and ergonomic. For more information, please visit: http://www.jinmed.com.

 

Forward-Looking Statement

 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “should”, “intend”, “plan”, “strive”, “believe”, “expect”, “anticipate”, “project”, “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company’s ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, import and export restrictions, fluctuations in general economic and business conditions, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For more information, please contact:

 

ir@jinmed.com

 

 

 

Filing Exhibits & Attachments

1 document