MingZhu Logistics shares surge 24.07% after-hours after Nasdaq delisting notice and appeal announcement.

MingZhu Logistics surged 24.07% in after-hours trading following the announcement that its Nasdaq delisting would take effect on December 12, 2025, due to non-compliance with the $1 minimum bid price rule. The stock’s sharp rebound came after the company’s appeal was denied, with trading liquidity expected to shift to the OTC market. While the delisting itself is typically bearish, the after-hours rally may reflect speculative positioning ahead of the delisting, a potential short squeeze, or investor anticipation of a reverse share split as part of the company’s compliance plan. The move highlights heightened volatility amid limited liquidity and uncertainty surrounding the stock’s future trading environment.