Core Viewpoint - Jiuzi Holdings Inc. has received a notification from Nasdaq regarding non-compliance with minimum bid price requirements for its Class A ordinary shares, which have been below 1 for 10 consecutive business days during the 180-day period, Nasdaq will confirm compliance [2] - The company may be eligible for an additional 180 days to regain compliance if it meets other listing requirements [2] Group 2: Previous Compliance Issues - On March 29, 2024, the company was notified of non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the late filing of its 2023 Annual Report [3] - Nasdaq confirmed compliance with periodic filing requirements after the company filed its 2023 Annual Report on May 17, 2024 [3] Group 3: Company Overview - Jiuzi Holdings, Inc. is based in Hangzhou, China, and was established in 2017, focusing on the sale of New Energy Vehicles (NEVs) in third and fourth-tier cities [4] - The company operates 51 franchise stores and one company-owned store, sourcing NEVs from over twenty manufacturers [4]
Jiuzi Holdings Received Nasdaq Notification Letters