Mingzhu Logistics Receives Nasdaq Delisting Notice, Plans Further Appeal
MWN-AI** Summary
Mingzhu Logistics Holdings Limited, a Cayman Islands-based logistics provider headquartered in Shenzhen, announced on December 11, 2025, that it has received a delisting notification from Nasdaq. The notification indicates that trading of the Company's securities will be suspended on December 12, 2025, following its non-compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum closing bid price of $1 per share for 30 consecutive business days.
Mingzhu first received notice of this non-compliance on October 20, 2025. Typically, companies are granted a 180-day cure period to regain compliance; however, due to a Discretionary Panel Monitor assigned to Mingzhu since May 20, 2025, the Company was ineligible for this remedy. In an effort to overturn the delisting decision, Mingzhu appealed to the Nasdaq Hearings Panel and presented a compliance plan that included a proposed reverse share split. Unfortunately, the Hearings Panel denied this appeal on December 10, 2025.
Despite the unfavorable ruling, Mingzhu intends to file a further appeal with the Nasdaq Listing and Hearing Review Council within 15 days. This appeal will postpone the filing of Form 25, which would finalize the delisting process, but will not prevent the suspension of trading set for December 12. The Company cautioned that trading liquidity might become significantly restricted after the suspension and that shareholders may face challenges in selling their shares, potentially impacting subsequent trading prices.
Mingzhu’s spokesperson expressed disappointment with the decision but affirmed the commitment to protecting shareholder interests through continued legal avenues. Established in 2002, Mingzhu Logistics offers trucking services across China, leveraging its regional logistics terminals and fleets.
MWN-AI** Analysis
Mingzhu Logistics Holdings Limited (Nasdaq: YGMZ) recently announced it has received a delisting notice from Nasdaq due to its failure to comply with the "Bid Price" Rule, which mandates a minimum closing bid price of $1 for 30 consecutive business days. The Company, which operates as a logistics service provider in China, has faced challenges maintaining its listing status, particularly under the scrutiny of a Discretionary Panel Monitor imposed earlier this year.
Investors should be cautious in light of the delisting news and the anticipated trading suspension on December 12, 2025. The company plans to appeal the decision, which may prolong the delisting process; however, trading liquidity is expected to be severely constrained once shares are suspended. Although Mingzhu aims to continue trading in the Over-the-Counter (OTC) market, the transition typically comes with increased volatility and less favorable trading conditions, posing heightened risk for shareholders.
Potential investors should closely monitor the Company's appeal process and any developments regarding its compliance strategies, including the possibility of a reverse stock split aimed at raising the stock price to meet Nasdaq’s listing requirements. While the appeal reflects a commitment to retaining shareholder value, it is essential to recognize that previous operational and compliance difficulties may signal an uncertain future.
Investors already holding shares of Mingzhu should assess their risk tolerance and consider their exit strategy, given the likelihood of diminished trading volumes and increased difficulty in selling shares post-suspension. Those interested in the stock should wait for clarity on the appeal outcome and a more stable trading environment before making any purchasing decisions. As always, thorough due diligence is recommended.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
SHENZHEN, CHINA, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Mingzhu Logistics Holdings Limited (the “Company”), a Cayman Islands exempted company with limited liability, announced today that it received a notification from The Nasdaq Stock Market LLC (“Nasdaq”) on December 10, 2025. The notification stated that the Company’s securities will be delisted from the Nasdaq Capital Market, with trading suspended at the opening of trading on December 12, 2025.
The delisting determination stems from the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2), commonly known as the “Bid Price” Rule. This rule requires listed companies to maintain a minimum closing bid price of $1 per share for 30 consecutive business days. Nasdaq first notified the Company of its non-compliance on October 20, 2025.
Typically, Nasdaq provides a 180-calendar day cure period for companies to regain compliance. However, due to a Discretionary Panel Monitor imposed on the Company by the Nasdaq Listing Qualifications Panel on May 20, 2025 (for a one-year term), the Company was not eligible for such a cure period. Following the initial delisting determination, the Company requested an appeal and presented its compliance plan – including a proposed reverse share split – at a hearing before the Nasdaq Hearings Panel on December 9, 2025. The Hearings Panel formally denied the Company’s appeal on December 10, 2025.
In response to the decision, the Company confirmed that it intends to file a further appeal with the Nasdaq Listing and Hearing Review Council within the 15-day deadline. While this appeal will delay the filing of Form 25 (which would finalize the delisting and deregistration with the U.S. Securities and Exchange Commission), it will not prevent the suspension of trading in the Company’s shares on Nasdaq as scheduled on December 12, 2025.
The Company noted that trading liquidity may become extremely limited following the Nasdaq suspension. It expects its securities to be quoted in the Over-the-Counter (OTC) market under the existing ticker symbols, but warned that shareholders may face difficulties in selling their shares, and any subsequent trading prices could be adversely affected.
A spokesperson for Mingzhu Logistics stated, “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 (Nasdaq: YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit https://ir.szygmz.com/.
Forward-Looking Statements
The statements in this press release 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. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company’s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China’s macroeconomic conditions, and the risks and assumptions disclosed in the Company’s reports provided to the CSRC (China Security Regulatory Commission). For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company’s relevant SEC filings for additional factors that may affect the Company’s future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.
For further information, please contact.
MingZhu Logistics Holdings Limited:
Junfei Yang
Email: company@szygmz.com
Phone: +86 131-2892-8512
FAQ**
What are the specific reasons behind the non-compliance of MingZhu Logistics Holdings Limited YGMZ with Nasdaq's Bid Price Rule, leading to the suspension of trading on December 12, 2025?
How does MingZhu Logistics Holdings Limited YGMZ plan to address its current financial challenges to regain compliance and appeal the Nasdaq Hearings Panel’s decision?
What impact does the suspension of trading on Nasdaq have on the liquidity of MingZhu Logistics Holdings Limited YGMZ's shares and its potential transition to the Over-the-Counter market?
How will MingZhu Logistics Holdings Limited YGMZ work to reassure investors and protect shareholder interests during this period of uncertainty and potential delisting?
**MWN-AI FAQ is based on asking OpenAI questions about MingZhu Logistics Holdings Limited (NASDAQ: YGMZ).
NASDAQ: YGMZ
YGMZ Trading
-97.14% G/L:
$0.024 Last:
75,111,763 Volume:
$0.0549 Open:
