DelistingMay 19, 2026, 04:18 AM
Yimutian Faces Nasdaq Delisting for MVPHS Non-Compliance
AI Summary
Yimutian Inc. received a determination letter from Nasdaq on May 13, 2026, stating it is subject to delisting for failing to regain compliance with the minimum market value of publicly held shares (MVPHS) requirement of US$15,000,000 by May 6, 2026. The company plans to appeal this decision, which will temporarily stay delisting proceedings. Additionally, Yimutian received a separate notification for non-compliance with the Nasdaq Global Market's minimum market value of listed securities (MVLS) requirement of US$50,000,000, with a 180-day compliance period until November 9, 2026.
Key Highlights
- Received Nasdaq determination letter on May 13, 2026, for failing MVPHS requirement.
- Failed to regain compliance with Nasdaq's US$15,000,000 MVPHS requirement by May 6, 2026.
- Company is subject to delisting but will appeal, staying proceedings.
- Received separate MVLS deficiency notice for not maintaining US$50,000,000 MVLS.
- MVLS non-compliance based on 30 consecutive business days from March 25 to May 6, 2026.
- Has 180 calendar days, until November 9, 2026, to regain MVLS compliance.
Price Impact
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