News & Events zu MingZhu Logistics Holdings Ltd (YGMZ)YGMZMingZhu Logistics Holdings Ltd

Mingzhu Logistics to Be Delisted from Nasdaq on December 12

Mingzhu Logistics received a notification from The Nasdaq Stock Market on December 10. The notification stated that the Company's securities will be delisted from the Nasdaq Capital Market, with trading suspended at the opening of trading on December 12. The delisting determination stems from the Company's non-compliance with Nasdaq Listing Rule 5550(a)(2), commonly known as the "Bid Price" Rule. This rule requires listed companies to maintain a minimum closing bid price of $1 per share for 30 consecutive business days. Nasdaq first notified the Company of its non-compliance on October 20. Typically, Nasdaq provides a 180-calendar day cure period for companies to regain compliance. However, due to a Discretionary Panel Monitor imposed on the Company by the Nasdaq Listing Qualifications Panel on May 20, the Company was not eligible for such a cure period. Following the initial delisting determination, the Company requested an appeal and presented its compliance plan - including a proposed reverse share split - at a hearing before the Nasdaq Hearings Panel on December 9, 2025. The Hearings Panel formally denied the Company's appeal on December 10. In response to the decision, the Company confirmed that it intends to file a further appeal with the Nasdaq Listing and Hearing Review Council within the 15-day deadline. While this appeal will delay the filing of Form 25, it will not prevent the suspension of trading in the Company's shares on Nasdaq as scheduled on December 12, 2025. The Company noted that trading liquidity may become extremely limited following the Nasdaq suspension. It expects its securities to be quoted in the Over-the-Counter market under the existing ticker symbols, but warned that shareholders may face difficulties in selling their shares, and any subsequent trading prices could be adversely affected.

MingZhu Logistics' subsidiary lands contract for robotic dog technology

MingZhu Logistics' Mingzhu Technology entered into a significant sales contract with TickToc Apex on November 27, 2025 for the supply and sale of 10,000 advanced MZ-01 model Robot Dogs. Under the contract, Mingzhu Technology will deliver all Robot Dog products in batches to TickToc Apex's designated domestic warehouse in the United States, with final shipment completed no later than September 30, 2026. The total contract value is $6.99M.

MingZhu Logistics Sets Price at $1.00 for 8 Million Units in Direct Offering

Mingzhu Logistics entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 8,000,000 units, consisting of one ordinary share of the Company, par value $0.128 per share,or in lieu thereof, a pre-funded warrant, and one common warrant, at a purchase price of $1.00 per Unit in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Ordinary Shares, less the exercise price of $0.128 per share. Each of the Warrants will have an exercise price of $1.00 per Class A Ordinary Share, will be immediately exercisable upon issuance, and will expire on the six-month anniversary of the issuance date. The aggregate gross proceeds to the Company of this offering are expected to be approximately $8M, before deducting placement agent fees and other offering expenses payable by the Company. The transaction is expected to close on or about November 26, 2025, subject to the satisfaction of customary closing conditions. Univest Securities is acting as sole placement agent for the offering.