Press Releases
Yimutian Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares
BEIJING, November 13, 2025 – Yimutian Corporation (Nasdaq: YMT) (the "Company" or "Yimutian"), a leading agricultural digital services company in China, announced that it has received a written notice from the Listing Qualifications Office of Nasdaq Securities Market LLC ("Nasdaq") on November 6, 2025, stating that the Company no longer meets the continued listing requirements under the Nasdaq Global Market for Minimum Market Capitalization ("MVPHS") of public holdings, The relevant provisions are as follows Nasdaq Listing Rule 5450(b)(2)(C) because the company's MVPHS minimum requirement for the past 30 business days is less than $15 million.
According to the Nasdaq Listing Rules, the applicable grace period for resuming compliance is 180 calendar days, which is until May 5, 2026. The company can compensate for this shortfall if the MVPHS closes at least $15 million or more for at least ten consecutive business days during the compliance period. The Company's management is considering a number of options to restore compliance and maintain continued listing on the Nasdaq Global Market, and it is expected that if shareholders decide to convert their common shares into U.S. custodial shares ("ADSs"), its MVPHS will be increased upon the expiration of the 180-day lock-up period following the initial public offering in February 2026. This will increase the number of public floats. If the company fails to return to compliance before the expiration of the compliance period, it will receive written notice that its securities will face delisting.
About Yimu Company
Yimutian Company is a leading agricultural B2B platform in Chinese mainland. For more than a decade, the company has been committed to digitizing China's agricultural supply chain infrastructure, simplifying the agricultural product trading process, and making the transaction process efficient, transparent, secure and convenient.
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Forward-Looking Statements
This press release contains forward-looking statements. These statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements regarding the Company's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements are subject to inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements. In some cases, these forward-looking statements can be identified by terms such as "may," "will," "expect," "anticipate," "target," "estimate," "intend," "plan," "believe," "potential," "continue," "could" or "likely." Additional information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission (SEC). All information provided in this press release is as of the date of the press release and the Company undertakes no obligation to update such information, except as required by applicable law.
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