Latest news with #ListingQualificationsDepartment
Business Insider
3 days ago
- Business
- Business Insider
Wetouch receives Nasdaq non-compliance notification
Wetouch (WETH) Technology announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, dated May 27, 2025, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1). This rule requires timely filing of periodic reports with the U.S. Securities and Exchange Commission. The notification was issued because the company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025 and the company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This delay triggered the non-compliance notice under the continued listing requirements. In accordance with Nasdaq's procedures, the company has until June 20, 2025, to submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the plan, Wetouch may be granted up to 180 calendar days from the original due date of the Form 10-K, or until October 13, 2025, to file the Form 10-K and Form 10-Q and thereby regain compliance. The company intends to file the Form 10-K and Form 10-Q as soon as practicable thereafter, and expects to regain compliance within the allowed timeframe. Confident Investing Starts Here:
Business Insider
3 days ago
- Business
- Business Insider
9F Inc receives Nasdaq notification regarding late filing of Form 20-F
9F Inc (JFU). announced that it received a notification letter dated May 23, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market Inc., indicating that the company is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) since the company did not timely file its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The Notification Letter has no immediate effect on the listing of the company's American depositary shares on Nasdaq. Pursuant to the Nasdaq Listing Rules, the company has 60 calendar days from the date of the Notification Letter to submit a plan to regain compliance with Nasdaq Listing Rules. If Nasdaq accepts the Compliance Plan, it may grant the company an extension until November 11, 2025 to regain compliance. The company expects either to file its 2024 Form 20-F or submit the Compliance Plan within the prescribed 60-day period. Confident Investing Starts Here:
Business Insider
3 days ago
- Business
- Business Insider
TechTarget receives non-compliance notification from Nasdaq
TechTarget (TTGT) announced that the company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC on May 27, 2025 notifying the company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1), because the company had not yet timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 or, at the time of receipt of the Notice, its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The Notice has no immediate effect on the listing or trading of the company's securities on the Nasdaq Global Select Market. The Notice stated that the company has until June 16, 2025 to submit a plan to regain compliance with the Rule with respect to the Form 10-K and the Form 10-Q. If Nasdaq accepts the company's plan to regain compliance, then Nasdaq may grant the company until October 13, 2025 to file the Form 10-K and the Form 10-Q to regain compliance with the Rule. Confident Investing Starts Here:
Business Insider
24-05-2025
- Business
- Business Insider
Movano receives noncompliance notification from Nasdaq
Movano (MOVE) announced that it received a notice from the Listing Qualifications Department of Nasdaq indicating that because the company had not yet filed its Form 10-Q for the quarterly period ended March 31, the company was not in compliance with Nasdaq Listing Rule 5250 requiring Nasdaq-listed companies to timely file all periodic financial reports with the SEC. The Form 10-Q was due on May 15. Confident Investing Starts Here:
Business Upturn
21-05-2025
- Business
- Business Upturn
Mingzhu Logistics Holdings Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
Shenzhen, China, May 21, 2025 (GLOBE NEWSWIRE) — Mingzhu Logistics Holdings Limited ('Mingzhu' or the 'Company') (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, announced today that it received a formal notification from the Nasdaq Stock Market LLC ('Nasdaq') on May 20, 2025, that the Company has regained compliance with Listing Rule 5550(a)(2) (the 'Bid Price Rule'), as required by the Nasdaq Hearings Panel's ('Panel') decision dated March 31, 2025. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's Ordinary Shares has been at $1.00 per share or greater for twenty consecutive trading days from April 17 through May 8, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). The Panel also has determined to impose a Discretionary Panel Monitor under Listing Rule 5815(d)(4)(A) for a period of one year from the date of this letter, to make sure that the Company proactively addresses any future potential compliance concerns and demonstrates long-term compliance with Nasdaq's continued listing requirements. If the Hearings Panel or the Listing Qualifications Department determines that the Company fails any listing standard during the one-year monitoring period, then, notwithstanding Rule 5810(c)(2), the Company will not be permitted to provide the Listing Qualifications Department with a plan of compliance with respect to any deficiency that arises during the one-year monitoring period, and the Listing Qualifications Department will not be permitted to grant additional time for the Company to regain compliance with respect to any deficiency, nor will the company be afforded an applicable cure or compliance period pursuant to Rule 5810(c)(3). Rather, the Listing Qualifications Department will promptly issue a Staff Delisting Determination. About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company's regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors' fleets. For more information, please visit Forward-Looking Statements The statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words 'may', 'will', 'want', 'should', 'believe', 'expect', 'anticipate', 'estimate', 'calculate' or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of the Company's products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission). The potential acquisition involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including but not limited to statements about the potential benefits of the potential acquisition; the anticipated timing of closing of the potential acquisition (including failure to obtain necessary regulatory approvals) and the possibility that the potential acquisition does not close; risks related to the ability to realize the anticipated benefits of the potential acquisition, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the potential acquisition making it more difficult to maintain business and operational relationships; negative effects of announcing the potential acquisition or the consummation of the potential acquisition on the market price of our common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions related to the potential acquisition. For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company's relevant SEC filings for additional factors that may affect the Company's future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances. For further information, please contact. MingZhu Logistics Holdings Limited:Jingwei Zhang Email: [email protected] Phone: +86 186-5937-1270
