MingZhu Logistics Holdings Limited (YGMZ) received a formal delisting notice from Nasdaq on December 10 2025 for failing to maintain a minimum closing bid price of $1.00 for 30 consecutive business days. The exchange has scheduled a trading suspension to take effect at the opening of trading on December 12 2025, after which the company’s shares will be transferred to the OTC market.
The delisting decision follows a series of prior compliance failures. MingZhu Logistics had received earlier delisting notices on February 13 and October 20 2025. On May 20 2025, Nasdaq imposed a Discretionary Panel Monitor, which removed the company from the standard 180‑day cure period that normally allows a company to correct a bid‑price deficiency. The monitor’s presence underscores the urgency of the current situation and the limited options available to the company.
Financially, MingZhu Logistics has been in a precarious position. Over the last 12 months the company reported revenue of $31.17 million and a net loss of $2.37 million, translating to a loss per share of $1.28. In 2024 revenue was $40.43 million, a decline of 54.57% from the previous year. Gross margin stood at 1.08%, operating margin at 19.38%, and net margin at –7.61%. These figures illustrate the company’s ongoing struggle to generate sustainable earnings and to support the minimum bid‑price requirement.
Management has expressed disappointment with the outcome but reaffirmed its commitment to protecting shareholder interests. No new remediation plan has been announced, and the company’s appeal will not delay the scheduled trading suspension.
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