{"id":836906,"date":"2025-04-14T08:26:42","date_gmt":"2025-04-14T12:26:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/azi-regains-compliance-with-nasdaq-minimum-market-value-requirement\/"},"modified":"2025-04-14T08:26:42","modified_gmt":"2025-04-14T12:26:42","slug":"azi-regains-compliance-with-nasdaq-minimum-market-value-requirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/azi-regains-compliance-with-nasdaq-minimum-market-value-requirement\/","title":{"rendered":"AZI Regains Compliance with Nasdaq Minimum Market Value Requirement"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n BEIJING<\/span>
\n <\/span>, April 14, 2025<\/span><\/span> \/PRNewswire\/ — Autozi Internet Technology (Global) Ltd.\u00a0(Nasdaq: AZI) (“Autozi” or the “Company”),\u00a0an\u00a0automotive products and services\u00a0company in China<\/span>, today announced that the Company had received a notification letter (“Compliance Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 9, 2025<\/span>, indicating that the Company has regained compliance with the minimum market value of listed securities (“MVLS”) of $50,000<\/span>,000\u00a0set forth in the Nasdaq Listing Rule 5450(b)(2)(A) (the “Rule”).<\/p>\n

As previously announced, the Company was notified by Nasdaq on March 25<\/span>, 2025\u00a0that the Company was not in compliance with the minimum market value of listed securities (“MVLS”) of $50,000<\/span>,000\u00a0for a period of 30 consecutive business days. To regain compliance with the Rule, the Company’s MVLS was required to maintain at $50,000,000<\/span> or more for a minimum of ten consecutive business days.<\/p>\n

On April 9, 2025<\/span>, Nasdaq confirmed in the Compliance Notice that for the last ten consecutive business days, from\u00a0March 25\u00a0through April 8, 2025<\/span>, the Company’s MVLS has been $50,000,000<\/span> or greater. Accordingly, the Company has regained compliance with the Rule, and the matter is now closed.<\/p>\n

\n About\u00a0<\/b>
\n Autozi<\/b>\n <\/p>\n

Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China<\/span>. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.<\/p>\n

\n Safe Harbor Statement<\/b>\n <\/p>\n

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995,\u00a0including but not limited to statements related to Autozi’s cash position, financial resources and potential for future growth, market acceptance and penetration of new or planned product offerings, and future recurring revenues and results of operations. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,”\u00a0“is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain 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. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n

\n Contact Information<\/b>\n <\/p>\n

The Blueshirt Group
Jack Wang<\/span>
Email:\u00a0Jack@blueshirtgroup.co<\/a>\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/azi-regains-compliance-with-nasdaq-minimum-market-value-requirement-302427368.html<\/a><\/p>\n

SOURCE Autozi Internet Technology (Global) Ltd.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BEIJING , April 14, 2025 \/PRNewswire\/ — Autozi Internet Technology (Global) Ltd.\u00a0(Nasdaq: AZI) (“Autozi” or the “Company”),\u00a0an\u00a0automotive products and services\u00a0company in China, today announced that the Company had received a notification letter (“Compliance Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 9, 2025, indicating that the Company has regained compliance with the minimum market value of listed securities (“MVLS”) of $50,000,000\u00a0set forth in the Nasdaq Listing Rule 5450(b)(2)(A) (the “Rule”). As previously announced, the Company was notified by Nasdaq on March 25, 2025\u00a0that the Company was not in compliance with the minimum market value of listed securities (“MVLS”) of $50,000,000\u00a0for a period of 30 consecutive business days. To regain compliance with the Rule, the Company’s MVLS … <\/p>\n

Continue reading “AZI Regains Compliance with Nasdaq Minimum Market Value Requirement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836906","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAZI Regains Compliance with Nasdaq Minimum Market Value Requirement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/azi-regains-compliance-with-nasdaq-minimum-market-value-requirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AZI Regains Compliance with Nasdaq Minimum Market Value Requirement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BEIJING , April 14, 2025 \/PRNewswire\/ — Autozi Internet Technology (Global) Ltd.\u00a0(Nasdaq: AZI) (“Autozi” or the “Company”),\u00a0an\u00a0automotive products and services\u00a0company in China, today announced that the Company had received a notification letter (“Compliance Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 9, 2025, indicating that the Company has regained compliance with the minimum market value of listed securities (“MVLS”) of $50,000,000\u00a0set forth in the Nasdaq Listing Rule 5450(b)(2)(A) (the “Rule”). As previously announced, the Company was notified by Nasdaq on March 25, 2025\u00a0that the Company was not in compliance with the minimum market value of listed securities (“MVLS”) of $50,000,000\u00a0for a period of 30 consecutive business days. 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