On March 26, 2026, ZW Data Action Technologies Inc., a Nevada corporation, received a notice from the Nasdaq Listing Qualifications Department indicating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2). This rule requires that the bid price for the company's common stock must be at least $1.00 per share. The notice, referred to as a 'Deficiency Letter', stated that the company's stock had closed below this minimum bid price for 30 consecutive business days. Despite this deficiency, the letter confirmed that there would be no immediate effect on the listing of the company's common stock, which will continue to trade on The Nasdaq Capital Market under the symbol 'CNET'. The company has been granted a period of 180 calendar days, until September 22, 2026, to regain compliance with the minimum bid price requirement. If the stock price reaches $1.00 or more for at least 10 consecutive business days before this deadline, the company will be notified of compliance. Should the company fail to regain compliance, it may be eligible for an additional compliance period, provided it meets other listing requirements. However, if it appears that the company will not be able to cure the deficiency, Nasdaq may initiate delisting procedures. The company intends to monitor its stock price closely and evaluate options to resolve the deficiency. While efforts are being made to maintain compliance with Nasdaq listing standards, there is no assurance that the company will be able to achieve this.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.