Yimutian Inc. received a Nasdaq notification on April 2, 2026, regarding non-compliance with the $1.00 minimum bid price rule, with a deadline of September 29, 2026, to regain compliance.
Key takeaways
Nasdaq notified Yimutian Inc. on April 2, 2026, that it failed to meet the $1.00 minimum bid price requirement under Listing Rule 5450(a)(1).
The company has 180 calendar days, until September 29, 2026, to regain compliance by maintaining a $1.00+ closing bid for ten consecutive business days.
The deficiency notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on the Nasdaq Global Market.
Yimutian intends to regain compliance, potentially through a change in the ratio of its ADSs and Class A ordinary shares.
If compliance is not regained by the deadline, the Company may face delisting or be eligible for an additional compliance period.