Autozi Internet Technology Regains Nasdaq Compliance.

Autozi Internet Technology has regained compliance with the minimum bid price requirement on Nasdaq after its Class A ordinary shares maintained a closing bid price of $1.00 or greater for 14 consecutive business days. The company had previously failed to meet the requirement, but has now regained compliance, which is a positive development for its shareholders.

Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI), an automotive products and services company based in China, has regained compliance with the minimum bid price requirement on Nasdaq. The company's Class A ordinary shares maintained a closing bid price of $1.00 or greater for 14 consecutive business days, from April 28 through May 15, 2025 [1].

Previously, on February 5, 2025, Nasdaq had notified Autozi that its Class A ordinary shares had failed to maintain the minimum bid price of $1.00 over the previous 30 consecutive business days. However, the company has now met the requirement, as indicated by a compliance notice dated May 16, 2025 [1].

Autozi's compliance with the minimum bid price requirement is a positive development for its shareholders. The company, which offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels, has positioned itself as a key driver of innovation and growth in the automotive services sector [1].

Autozi's ability to regain compliance with Nasdaq's listing rules underscores the company's commitment to maintaining its financial health and meeting regulatory standards. This development is likely to boost investor confidence in the company's ability to navigate market challenges and continue its growth trajectory.

References:
[1] https://www.prnewswire.com/news-releases/azi-regains-compliance-with-nasdaq-minimum-bid-price-requirement-302460247.html