BEIJING, April 14, 2025 /PRNewswire/ — Autozi Web Era (International) Ltd. (Nasdaq: AZI) (“Autozi” or the “Company”), an automobile services and products corporate in China, these days introduced that the Corporate had won a notification letter (“Compliance Notice”) from the Nasdaq Book Marketplace LLC (“Nasdaq”), dated April 9, 2025, indicating that the Corporate has regained compliance with the minimal marketplace price of indexed securities (“MVLS”) of $50,000,000 eager forth within the Nasdaq Checklist Rule 5450(b)(2)(A) (the “Rule”).
As up to now introduced, the Corporate was once notified by way of Nasdaq on March 25, 2025 that the Corporate was once no longer in compliance with the minimal marketplace price of indexed securities (“MVLS”) of $50,000,000 for a duration of 30 consecutive industry days. To regain compliance with the Rule, the Corporate’s MVLS was once required to guard at $50,000,000 or extra for no less than ten consecutive industry days.
On April 9, 2025, Nasdaq showed within the Compliance Understand that for the utmost ten consecutive industry days, from March 25 via April 8, 2025, the Corporate’s MVLS has been $50,000,000 or larger. Accordingly, the Corporate has regained compliance with the Rule, and the topic is now closed.
About Autozi
Autozi Web Era (International) Ltd. is a well-known, fast-growing supplier of lifecycle automobile services and products in China. Based in 2010, Autozi deals a complete field of fine quality, inexpensive, {and professional} automobile services and products via each on-line and offline channels around the nation. Leveraging its complex on-line provide chain cloud platform and SaaS answers, Autozi has constructed a dynamic ecosystem that connects key individuals around the automobile business. This interconnected community permits extra environment friendly collaboration and streamlined processes during all of the provide chain, positioning Autozi as a key driving force of innovation and expansion within the automobile services and products sector.
Barricade Harbor Commentary
This announcement accommodates forward-looking statements. Those statements are made beneath the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Occupation of 1995, together with however no longer restricted to statements matching to Autozi’s money place, monetary assets and doable for moment expansion, marketplace acceptance and penetration of fresh or deliberate product choices, and moment routine revenues and result of operations. Those forward-looking statements may also be known by way of terminology reminiscent of “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the destructive mode of those phrases and alternative homogeneous expressions. Amongst alternative issues, statements that aren’t historic details, together with statements in regards to the Corporate’s ideals and expectancies are or include forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a lot of elements may motive untouched effects to vary materially from the ones contained in any forward-looking observation. All knowledge equipped on this press let go is as of the month of this press let go and is in keeping with guesses that the Corporate believes to be affordable as of this month, and the Corporate does no longer adopt any legal responsibility to replace any forward-looking observation, excluding as required beneath acceptable legislation.
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The Blueshirt Workforce
Jack Wang
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SOURCE Autozi Web Era (International) Ltd.