1. YGMZ faces delisting from Nasdaq due to bid price non-compliance. 2. Trading suspension is set for December 12, 2025. 3. Company plans to appeal the delisting decision. 4. Liquidity issues anticipated post-suspension; OTC trading expected. 5. Shareholders may struggle to sell shares after the suspension.
FAQ
Why Very Bearish?
The delisting signifies severe financial distress, typically leading to sharp declines in stock prices, similar to past cases like Luckin Coffee.
How important is it?
The delisting directly affects YGMZ's market presence, investor confidence, and liquidity, influencing short-term trading behavior significantly.
Why Short Term?
Immediate suspension impacts trading and investor perception, with potential long-term effects if compliance issues persist.
Mingzhu Logistics Receives Nasdaq Delisting Notice, Plans Further Appeal
In a recent announcement, Mingzhu Logistics Holdings Limited (Nasdaq: YGMZ) disclosed that it received a notification from The Nasdaq Stock Market LLC regarding its impending delisting. The official notification was dated December 10, 2025, and states that the company's securities will be removed from the Nasdaq Capital Market, with trading set to suspend on December 12, 2025. This action is a result of the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2), the "Bid Price" Rule, which mandates a minimum closing bid price of $1 per share for a period of 30 consecutive business days.
Background on Nasdaq Delisting Notification
Initially notified about its non-compliance on October 20, 2025, Mingzhu Logistics faced challenges in regaining compliance. Typically, companies are granted a 180-calendar day period to address such issues; however, the Company is not eligible for this grace period due to a Discretionary Panel Monitor imposed on it by the Nasdaq Listing Qualifications Panel on May 20, 2025, which carries a one-year term.
Company's Response and Future Actions
Following the initial delisting decision, Mingzhu Logistics appealed and presented its compliance plan, which included a proposed reverse share split, to the Nasdaq Hearings Panel on December 9, 2025. Unfortunately, the Panel denied the appeal on December 10, 2025. In light of this decision, the Company has confirmed its intention to file a further appeal with the Nasdaq Listing and Hearing Review Council within the required 15-day deadline.
Despite the appeal being filed, the Company noted that it would not delay the planned suspension of trading, which remains scheduled for December 12, 2025. Consequently, trading liquidity could become extremely limited, with the Company anticipating its securities will be quoted in the Over-the-Counter (OTC) market. However, shareholders may encounter difficulties in selling their shares, potentially impacting future trading prices.
Statements from Company Representatives
A Mingzhu Logistics spokesperson commented, “We are disappointed with the Hearings Panel’s decision but remain committed to exploring all available options to protect shareholder interests. The decision to appeal reflects our dedication to pursuing a favorable outcome for the Company and its investors.”
About Mingzhu Logistics Holdings Limited
Founded in 2002 and headquartered in Shenzhen, China, Mingzhu Logistics Holdings Limited (ticker: YGMZ) is a 4A-rated trucking service provider. The Company operates regional logistics terminals in Guangdong Province, offering customized solutions to clients for transporting goods nationwide. This is accomplished through a combination of self-owned fleets and subcontractor partnerships, ensuring broad geographic coverage and network density.
For more information about Mingzu Logistics, visit their official website.
Forward-Looking Statements
The statements in this article regarding the Company’s future expectations, plans, and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results may differ materially due to various factors. Investors are encouraged to review the Company’s relevant SEC filings for potential influencing factors affecting future operations.
Contact Information
For additional information, please contact:
- Company Name: MingZhu Logistics Holdings Limited
- Contact Person: Junfei Yang
- Email: company@szygmz.com
- Phone: +86 131-2892-8512