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AZI Regains Compliance with Nasdaq Minimum Market Value Requirement

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Autozi Internet Technology (Nasdaq: AZI), a Chinese automotive products and services company, has successfully regained compliance with Nasdaq's minimum market value requirement. The company received a notification letter from Nasdaq on April 9, 2025, confirming that its market value of listed securities (MVLS) maintained above the required $50,000,000 threshold for ten consecutive business days from March 25 through April 8, 2025.

This development resolves the previous non-compliance notice issued by Nasdaq on March 25, 2025, when AZI failed to meet the minimum MVLS requirement under Nasdaq Listing Rule 5450(b)(2)(A). With the compliance status restored, Nasdaq has closed the matter.

Autozi Internet Technology (Nasdaq: AZI), un'azienda cinese di prodotti e servizi automobilistici, ha riacquistato con successo la conformità ai requisiti di valore di mercato minimo di Nasdaq. L'azienda ha ricevuto una lettera di notifica da Nasdaq il 9 aprile 2025, confermando che il suo valore di mercato dei titoli quotati (MVLS) è rimasto sopra la soglia richiesta di $50.000.000 per dieci giorni lavorativi consecutivi dal 25 marzo all'8 aprile 2025.

Questo sviluppo risolve il precedente avviso di non conformità emesso da Nasdaq il 25 marzo 2025, quando AZI non è riuscita a soddisfare il requisito minimo di MVLS ai sensi della Regola di Quotazione Nasdaq 5450(b)(2)(A). Con il ripristino dello stato di conformità, Nasdaq ha chiuso la questione.

Autozi Internet Technology (Nasdaq: AZI), una empresa china de productos y servicios automotrices, ha recuperado con éxito el cumplimiento del requisito de valor de mercado mínimo de Nasdaq. La empresa recibió una carta de notificación de Nasdaq el 9 de abril de 2025, confirmando que su valor de mercado de los valores cotizados (MVLS) se mantuvo por encima del umbral requerido de $50,000,000 durante diez días hábiles consecutivos desde el 25 de marzo hasta el 8 de abril de 2025.

Este desarrollo resuelve el aviso de no cumplimiento previo emitido por Nasdaq el 25 de marzo de 2025, cuando AZI no logró cumplir con el requisito mínimo de MVLS bajo la Regla de Cotización Nasdaq 5450(b)(2)(A). Con el estado de cumplimiento restaurado, Nasdaq ha cerrado el asunto.

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ì� ë°œì „ì€ 2025ë…� 3ì›� 25ì� Nasdaqì—서 발행í•� ì´ì „ 비준ìˆ� 통지ë¥� 해결합니ë‹�. AZIëŠ� Nasdaq ìƒìž¥ 규칙 5450(b)(2)(A)ì—� 따른 최소 MVLS 요건ì� 충족하지 못했습니ë‹�. 준ìˆ� ìƒíƒœê°€ ë³µì›ë¨ì— ë”°ë¼ Nasdaqì€ ì� 문제ë¥� 종결했습니다.

Autozi Internet Technology (Nasdaq: AZI), une entreprise chinoise de produits et services automobiles, a réussi à rétablir sa conformité avec l'exigence de valeur de marché minimale de Nasdaq. L'entreprise a reçu une lettre de notification de Nasdaq le 9 avril 2025, confirmant que sa valeur de marché des titres cotés (MVLS) est restée au-dessus du seuil requis de 50 000 000 $ pendant dix jours ouvrables consécutifs du 25 mars au 8 avril 2025.

Ce développement résout l'avis de non-conformité précédent émis par Nasdaq le 25 mars 2025, lorsque AZI n'a pas réussi à respecter l'exigence minimale de MVLS selon la Règle de Cotation Nasdaq 5450(b)(2)(A). Avec le statut de conformité rétabli, Nasdaq a clos l'affaire.

Autozi Internet Technology (Nasdaq: AZI), ein chinesisches Unternehmen für Automobilprodukte und -dienstleistungen, hat erfolgreich die Einhaltung der Mindestmarktbewertungsanforderung von Nasdaq wiederhergestellt. Das Unternehmen erhielt am 9. April 2025 ein Benachrichtigungsschreiben von Nasdaq, das bestätigte, dass sein Marktwert der gelisteten Wertpapiere (MVLS) über dem erforderlichen Schwellenwert von 50.000.000 $ für zehn aufeinanderfolgende Geschäftstage vom 25. März bis zum 8. April 2025 blieb.

Diese Entwicklung löst die vorherige Mitteilung über die Nichteinhaltung, die Nasdaq am 25. März 2025 ausgestellt hatte, als AZI es versäumte, die Mindestanforderung für MVLS gemäß der Nasdaq-Listing-Regel 5450(b)(2)(A) zu erfüllen. Mit der Wiederherstellung des Compliance-Status hat Nasdaq die Angelegenheit abgeschlossen.

Positive
  • Regained Nasdaq listing compliance, eliminating delisting risk
  • Maintained market value above $50 million for required period
Negative
  • Recent history of falling below minimum market value requirement

BEIJING, April 14, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd.Ìý(Nasdaq: AZI) ("Autozi" or the "Company"),ÌýanÌýautomotive products and servicesÌýcompany in China, today announced that the Company had received a notification letter ("Compliance Notice") from the Nasdaq Stock Market LLC ("Nasdaq"), dated April 9, 2025, indicating that the Company has regained compliance with the minimum market value of listed securities ("MVLS") of $50,000,000Ìýset forth in the Nasdaq Listing Rule 5450(b)(2)(A) (the "Rule").

As previously announced, the Company was notified by Nasdaq on March 25, 2025Ìýthat the Company was not in compliance with the minimum market value of listed securities ("MVLS") of $50,000,000Ìýfor a period of 30 consecutive business days. To regain compliance with the Rule, the Company's MVLS was required to maintain at $50,000,000 or more for a minimum of ten consecutive business days.

On April 9, 2025, Nasdaq confirmed in the Compliance Notice that for the last ten consecutive business days, fromÌýMarch 25Ìýthrough April 8, 2025, the Company's MVLS has been $50,000,000 or greater. Accordingly, the Company has regained compliance with the Rule, and the matter is now closed.

´¡²ú´Ç³Ü³ÙÌýAutozi

Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995,Ìýincluding but not limited to statements related to Autozi's cash position, financial resources and potential for future growth, market acceptance and penetration of new or planned product offerings, and future recurring revenues and results of operations. These forward-looking statements can be identified by terminology such as "aim," "anticipate," "believe," "estimate," "expect," "hope," "going forward," "intend," "ought to," "plan," "project," "potential," "seek," "may," "might," "can," "could," "will," "would," "shall," "should,"Ìý"is likely to" and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company's beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

The Blueshirt Group
Jack Wang
·¡³¾²¹¾±±ô:Ìý[email protected]Ìý

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SOURCE Autozi Internet Technology (Global) Ltd.

FAQ

What was the minimum market value requirement that AZI needed to meet for Nasdaq compliance?

AZI needed to maintain a minimum market value of listed securities (MVLS) of $50,000,000 or greater for at least 10 consecutive business days.

When did AZI regain compliance with Nasdaq's listing requirements?

AZI regained compliance during the period from March 25 through April 8, 2025, as confirmed by Nasdaq on April 9, 2025.

How long was AZI non-compliant with Nasdaq's MVLS requirement?

AZI was notified of non-compliance on March 25, 2025, after failing to maintain the required MVLS for 30 consecutive business days.

What are the implications of AZI regaining Nasdaq compliance for investors?

Regaining compliance means AZI will continue to be listed on Nasdaq, avoiding potential delisting risks and maintaining market accessibility for investors.
Autozi Internet Technology (Global) Ltd.

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