Yimutian Must Restore ADS Price Above $1 by Sept. 29 After Nasdaq Notice
Yimutian received a Nasdaq notice on April 2, 2026 after its ADSs closed below $1.00 from February 18 to April 1, 2026, violating Rule 5450(a)(1). The company has until September 29, 2026 to achieve a $1.00 bid price for ten consecutive business days or face delisting.
1. Nasdaq Deficiency Notice
Yimutian received a written deficiency notice from Nasdaq on April 2, 2026 after its ADSs closed below $1.00 from February 18 to April 1, 2026, violating Rule 5450(a)(1). The notice is informational only and does not affect current trading of ADSs on the Global Market.
2. Compliance Timeline and Requirements
Under Listing Rule 5810(c)(3)(A), Yimutian has 180 calendar days—until September 29, 2026—to regain compliance by maintaining a closing bid price of at least $1.00 per ADS for ten consecutive business days, unless Nasdaq grants an extension. Failure to meet this threshold by the deadline could trigger delisting proceedings.
3. Remedies and Risks
The company is evaluating strategies such as adjusting the ADS-to-ordinary share ratio to boost the bid price. There is no assurance these measures will succeed, and if the deficiency is not cured, Nasdaq may either grant an additional compliance period or initiate delisting.