MingZhu Logistics Holdings Limited announced on May 21, 2025, that it received formal notification from Nasdaq on May 20, 2025, confirming its regained compliance with Listing Rule 5550(a)(2). The company's ordinary shares maintained a closing bid price of $1.00 or greater for twenty consecutive trading days from April 17 through May 8, 2025.
This compliance follows a previous delisting notice issued in February 2025 due to the company's bid price falling below the minimum requirement. The successful appeal and subsequent price recovery have resolved the immediate delisting threat.
The Nasdaq Hearings Panel has imposed a Discretionary Panel Monitor for a period of one year, starting from May 20, 2025. During this monitoring period, if MingZhu fails any listing standard, it will not be granted a compliance plan or additional time to regain compliance, and a Staff Delisting Determination will be issued promptly.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.