DelistingMay 20, 2026, 06:21 AM
Yimutian Inc. Receives Nasdaq Delisting Notice; MVLS Deficiency
AI Summary
Yimutian Inc. announced it received two notifications from Nasdaq on May 13, 2026. The first indicated non-compliance with the $50 million Market Value of Listed Securities (MVLS) requirement, granting the company 180 days to regain compliance. The second was a determination letter stating the company is subject to delisting for failing to regain compliance with the $15 million Market Value of Publicly Held Shares (MVPHS) requirement by May 6, 2026. Yimutian plans to appeal the delisting notice, which will stay the proceedings, and intends to take steps to meet all Nasdaq listing rules.
Key Highlights
- Received two written notifications from Nasdaq on May 13, 2026, regarding listing compliance.
- Notified of non-compliance with Nasdaq's $50 million Market Value of Listed Securities (MVLS) requirement.
- Granted 180 calendar days, until November 9, 2026, to regain MVLS compliance.
- Received a determination letter making the company subject to delisting for failing to meet the $15 million Market Value of Publicly Held Shares (MVPHS) requirement by May 6, 2026.
- Company will file an appeal, which will stay further delisting proceedings.
- Intends to take all reasonable measures to regain compliance with Nasdaq listing requirements.
Price Impact
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