Mingzhu receives nasdaq delisting notice subject to hearing request

Shenzhen, china , feb. 14, 2025 /prnewswire/ -- mingzhu logistics holdings limited ("mingzhu" or the "company") (nasdaq: ygmz ), an elite provider of logistics and transportation services to businesses, today announced that on february 13, 2025, it received a letter from the nasdaq stock market llc ("nasdaq") notifying the company that the nasdaq staff has determined to delist the company's ordinary shares from the nasdaq capital market (the "delisting determination"), because the bid price of the company's listed securities has closed at less than $1 per share over the previous 30 consecutive business days, and therefore it no longer complies with the nasdaq listing rule 5550(a)(2) (the "rule"). normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the rule.
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