BEIJING, April 14, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company"), an automotive products and services company 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 $50,000,000 set forth in the Nasdaq Listing Rule 5450(b)(2)(A) ...

BEIJING, March 28, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company"), a automotive products and services company in China, today announced that it has received written notification (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq") dated March 25, 2025, notifying the Company that it is not in compliance with the minimum Market Value of Listed Securities (MVLS) of $50,000,000. Nasdaq Listing Rule 5450(b)(2)(A) requires a company that ...

BEIJING, Jan. 31, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (NASDAQ: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that it entered into a definitive Securities Purchase Agreement (the "Agreement") with an institutional investor (the "Buyer") on January 27, 2025, pursuant to which the Company issued to the Buyer a senior unsecured convertible note (the "Initial Note") and warrant to purchase additiona ...

Core Viewpoint - Autozi Internet Technology (Global) Ltd. reported a 9.9% increase in revenues for fiscal year 2024, driven by a strategic focus on high-margin auto parts and accessories sales, despite challenges in other business segments [3][6][10]. Financial Performance - Revenues increased to $124.7 million in fiscal year 2024 from $113.5 million in the prior year, with a constant currency growth of approximately 12.2% in RMB terms [3]. - Cost of revenues rose by 9.2% to $123.5 million, reflecting changes in the cost structure aligned with revenue performance [4]. - Gross profit improved to $1.3 million, with a gross profit margin of 1.0%, up from 0.4% in the previous year, primarily due to stronger profitability in the auto parts and accessories segment [5]. - Revenues from auto parts and accessories surged by 86.1% to $68.6 million, while new car sales decreased by 24.3% to $55.8 million [6]. - Operating expenses decreased by 14.3% to $6.7 million, contributing to a narrowed operating loss of $5.4 million, down 25.6% from the previous year [8][9]. - Net loss increased to $11.1 million, primarily due to litigation-related costs, but would have narrowed by 10.5% excluding these charges [10]. Strategic Initiatives - The company is advancing its supply chain digitalization platform, enhancing collaboration and efficiency across the supply chain [2]. - Autozi aims to empower the supply chain ecosystem by creating a direct-to-consumer network for auto service shops and car owners [2]. - The company is exploring strategic acquisitions to strengthen its leadership in the industry while maintaining stable profitability through disciplined cost management [2]. Recent Developments - Autozi has established partnerships with 12 provincial distributors and logistics partnerships in eight provinces, enhancing its market presence and distribution network [12][13]. - The company has registered 3,410 auto parts manufacturers, 17,964 dealers, and 79,351 service store owners on its platforms, reflecting its operational optimization and resource sharing through digitalization [16].

IPO Activity - JBDI Holdings (JBDI) raised $11 million at a $99 million market cap, pricing at the high end of its $4 to $5 range, with a first-day stock increase of 102% and a weekly gain of 147% [3] - Safe Pro Group (SPAI) completed a downsized IPO, raising $5 million at a $72 million market cap, but the stock ended the week down 15% [3] - Autozi Internet Tech (AZI) priced its $10 million IPO at the low end of its $4 range, debuting with a $420 million market cap, and the stock ended the week down 25% [4] - Two SPACs, GigCapital7 (GIGGU) and Black Spade Acquisition II (BSIIU), raised $200 million and $150 million, respectively [4] Upcoming IPOs - Cuprina Holdings (CUPR) is set to raise $15 million at an $87 million market cap, focusing on chronic wound management products [6] - Trident Digital Tech (TDTH) plans to raise $11 million at a $387 million market cap, providing business consulting and IT solutions to SMEs in Singapore [6] - Powell Max (PMAX) is scheduled to raise $8 million at a $74 million market cap, offering financial communication services in Hong Kong [6] Market Performance - As of August 29, 2024, the Renaissance IPO Index was up 10.1% year-to-date, while the S&P 500 was up 18.3% [7] - The Renaissance International IPO Index was down 3.3% year-to-date [7]

mapo Two small IPOs debuted this past week, while six IPOs submitted initial filings. Notably, China-based autonomous driving developer WeRide (WRD) postponed its $110 million US IPO. The company, which had already delayed its IPO earlier, stated that its registration documents could not be finalized within the timeframe allotted by Chinese regulators. Hong Kong-based logistics services firm Reitar Logtech (RITR) priced its IPO at the bottom of the range to raise $9 million at a $249 million market cap. The ...

《港湾商业观察》黄懿 2024年3月21日，来自北京的Autozi Internet Technology (Global) Ltd(以下简称“中驰车福”)在美国证监会(SEC)更新招股书，于美国纳斯达克IPO上市，股票代码AZI。公司早前于2023年1月18日秘密递交文件，后于2023年7月7日公开披露招股书。其中，中驰车福互联科技有限公司(下称“中驰车福”)为其国内运营主体。 据悉，中驰车福是汽车全生命周期服务提供商。根据弗若斯特沙利文报告，2022年公司的新能源汽车销售收入增长率和收入增长率在中国所有全生命周期汽车服务提供商中分别排名第一和第三。 01 亏损持续扩大，业务造血能力不足 招股书显示，2022年至2023年(报告期内)，中驰车福的营收分别为1.20亿美元、1.14亿美元，相应的净亏损分别为616.5万美元、1054.9万美元。 据悉，中驰车福的收入主要来自新车销售，汽车零部件和汽车配件销售，以及汽车保险相关服务。报告期内，来自新车销售的收入占比依次为60.6％、65.0％，来自汽车零部件和汽车配件销售的收入占比依次为32.4％、32.4％；来自汽车保险相关服务的收入占 ...