AZI

Compliance with Nasdaq: Autozi Internet Technology (Global) Ltd. has regained compliance with Nasdaq's minimum market value requirement of $50 million, as confirmed in a notification dated April 9, 2025, after previously being non-compliant for 30 consecutive business days.

Company Overview: Founded in 2010, Autozi is a prominent provider of lifecycle automotive services in China, utilizing an advanced online supply chain platform to enhance collaboration and efficiency within the automotive industry.

Nasdaq Compliance Notification: Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq indicating it is not in compliance with the minimum Market Value of Listed Securities (MVLS) requirement of $50 million, as its market value fell below this threshold for 30 consecutive business days.

Regaining Compliance Efforts: The company has until September 22, 2025, to regain compliance by maintaining a market value of $50 million or more for at least ten consecutive business days, while continuing to focus on operational optimization and growth strategies in the automotive services market in China.

Company Financing Announcement: Autozi Internet Technology (Global) Ltd. has entered into a Securities Purchase Agreement, issuing senior unsecured convertible notes and warrants to an institutional investor, resulting in gross proceeds of $27.5 million to support its growth initiatives.

Strategic Growth Plans: The funds will be used for targeted mergers and acquisitions in China's auto parts supply chain, building a cross-border supply chain platform, and increasing investment in research and development to enhance digital and intelligent platforms.

Share Transfers and Strategic Partnerships: Autozi Internet Technology announced that its principal shareholder, Qirun Investment Co., Ltd., will transfer 2.8 million shares of Autozi's stock to Leisure Stream Limited and CG Summit Inc. in exchange for strategic consulting services aimed at exploring opportunities in the North American market.

Company Overview: Autozi is a leading lifecycle automotive service provider in China, offering a range of services including new car sales, auto parts, and insurance, while leveraging an online supply chain platform to connect various stakeholders in the automotive industry.

U.S. Stock Market Performance: U.S. stocks declined towards the end of trading, with the Dow Jones falling over 200 points, while Home Depot reported strong earnings and raised its sales outlook for 2024.

Global Market Trends: European and Asian markets closed lower, with significant drops in major indices, while U.S. consumer inflation expectations eased slightly to 2.9% in October.

JD.com Stock Performance: JD.com shares surged 10.6% in pre-market trading, reflecting positive momentum for US-listed Chinese stocks due to recent stimulus measures and the ongoing China National Day celebrations.

Market Movements: Several other stocks experienced significant gains in pre-market trading, including Agora, Inc. (+120%) and iCoreConnect Inc. (+52.1%), while some stocks like AgEagle Aerial Systems, Inc. (-17.7%) and Akoustis Technologies, Inc. (-15.8%) saw declines.

U.S. Stock Market Performance: U.S. stocks showed mixed results with the Dow Jones gaining 0.38% while NASDAQ fell by 0.37%. The U.S. economy added 142,000 jobs in August, slightly below expectations, and the unemployment rate decreased to 4.2%.

Global Market Trends: European shares mostly rose, with the Eurozone GDP growing by 0.2%, while Asian markets closed lower. Commodities saw oil prices increase by 1%, but gold and silver prices declined.

Argan, Inc. Financial Results: Argan, Inc. shares surged 18.4% in pre-market trading after reporting second-quarter earnings of $1.31 per share, significantly exceeding the analyst estimate of 92 cents, along with sales of $227.015 million, surpassing expectations of $183.550 million.

Market Movements: Several stocks experienced notable pre-market movements, including Wheeler Real Estate Investment Trust gaining 175.8%, while Inspire Veterinary Partners and Hoth Therapeutics saw declines of 20.1% and 19.8%, respectively, following previous significant gains.