Jin Medical Receives Nasdaq Deficiency Notice For Minimum Bid Price Non-Compliance

Author: Benzinga Newsdesk | May 06, 2025 03:12pm

Jin Medical International Ltd. (NASDAQ:ZJYL) (the "Company") today announced that on May 2, 2025, it received a deficiency letter (the "Notice") from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"). The Notice informed the Company that, based upon the closing bid price of the Company's ordinary shares ("Ordinary Shares") over the 30 consecutive business day period between March 20, 2025 and May 1, 2025, the Company is not in compliance with the requirement to maintain a minimum bid price of $1.00 per share of its Ordinary Shares for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement").

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