Webus International Ltd. has received a deficiency notice from the Nasdaq Stock Market, indicating non-compliance with the minimum bid price requirement of $1.00 per share as stipulated by Nasdaq Listing Rule 5550(a)(2). The company has been granted a 180-day period, ending June 29, 2026, to regain compliance by ensuring its ordinary shares close at or above $1.00 for at least ten consecutive business days. The notice does not immediately affect the trading or listing of the company's shares, and Webus International Ltd. is considering options to address the issue.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Webus International Ltd. published the original content used to generate this news brief on January 05, 2026, and is solely responsible for the information contained therein.