DelistingMay 21, 2026, 11:23 PM
Yimutian requests Nasdaq hearing after delisting notification
AI Summary
Yimutian Inc. announced it formally submitted a hearing request to the Nasdaq Panel on May 20, 2026, following delisting notifications received on May 13, 2026. The notifications cited deficiencies under Nasdaq's Minimum Market Value of Listed Securities (MVLS) and Minimum Market Value of Publicly Held Shares (MVPHS) requirements. The hearing request automatically stays any delisting action, allowing the company's ADSs to continue trading on Nasdaq under "YMT" during the process. Yimutian is committed to regaining compliance and is implementing a comprehensive plan, though there is no assurance of success.
Key Highlights
- Yimutian received Nasdaq delisting notifications on May 13, 2026.
- The company was deficient under Nasdaq Listing Rule 5450(b)(2)(A) (MVLS).
- It was also non-compliant with Nasdaq Listing Rule 5450(b)(2)(C) (MVPHS).
- Yimutian formally submitted a hearing request to the Nasdaq Panel on May 20, 2026.
- The hearing request automatically stays any delisting action.
- The company's ADSs will continue to trade on The Nasdaq Global Market under "YMT".
- Yimutian is implementing a comprehensive plan to regain compliance.
Price Impact
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