DelistingJul 15, 2026, 04:57 PM
Zhibao Technology Receives Nasdaq Minimum Bid Price Deficiency Notice
AI Summary
Zhibao Technology Inc. announced it received a notice from Nasdaq on July 10, 2026, indicating non-compliance with the Minimum Bid Price Requirement. The company's Class A ordinary shares traded below $1.00 for 30 consecutive business days. Zhibao Technology has 180 calendar days, until January 6, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Failure to meet this requirement could lead to the delisting of its shares from Nasdaq.
Key Highlights
- Received Nasdaq notice on July 10, 2026, for non-compliance with Minimum Bid Price Requirement.
- Company's Class A ordinary shares traded below $1.00 from May 27, 2026, to July 9, 2026.
- Has 180 calendar days, until January 6, 2027, to regain compliance.
- Must achieve a closing bid price of at least $1.00 for 10 consecutive business days.
- May be eligible for an additional 180-day compliance period if certain conditions are met.
- Failure to regain compliance could result in the delisting of its Class A ordinary shares.
Price Impact
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