Webus International Limited receives a Nasdaq deficiency letter regarding bid price compliance, with a 180-day remediation period.
Quiver AI Summary
Webus International Limited (NASDAQ: WETO) announced that it received a deficiency letter from the Nasdaq Stock Market indicating it is not meeting the minimum bid price requirement of $1.00 per share, as per Nasdaq Listing Rule 5550(a)(2). The company has been granted a compliance period of 180 days, until June 29, 2026, to rectify this by achieving a closing bid price of at least $1.00 for ten consecutive business days. The letter does not immediately impact the trading of the company's shares on the Nasdaq Capital Market. Webus International, a global TravelTech company, aims to monitor its share price closely and explore options for regaining compliance.
Potential Positives
- The company has been granted a 180-day compliance period to meet the minimum bid price requirement, allowing it time to strategize and potentially recover its stock price.
- The deficiency letter does not result in immediate delisting, meaning the company's shares will continue to trade on Nasdaq while it works to regain compliance.
- Webus International Limited is identified as a global TravelTech company, highlighting its innovative approach and potential for growth in a competitive industry.
Potential Negatives
- Company is at risk of delisting from Nasdaq if it fails to meet the minimum bid price requirement within the compliance period.
- Receiving a deficiency letter may damage investor confidence and negatively impact the company's stock price.
- Failure to maintain compliance could indicate broader financial or operational issues within the company.
FAQ
What deficiency did Webus International receive from Nasdaq?
Webus International received a deficiency letter indicating non-compliance with the minimum bid price requirement of $1.00 per share.
What is the compliance period for Webus International?
The company has a compliance period of 180 calendar days, until June 29, 2026, to regain compliance.
How can Webus International regain compliance with Nasdaq?
Webus must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.
Will the deficiency letter affect Webus's stock trading immediately?
No, the letter has no immediate effect on the listing or trading of Webus’s ordinary shares on Nasdaq.
What services does Webus International offer?
Webus provides AI-driven travel solutions, including premium chauffeur services and personalized itineraries across various regions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
New York, US, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Webus International Limited (the “Company”) (Nasdaq: WETO) today announced that it has received a deficiency letter from the Nasdaq Stock Market LLC (“Nasdaq”) dated December 30, 2025 (the “Letter”), indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
The Letter stated that the Company has been provided a compliance period of 180 calendar days, or until June 29, 2026, to regain compliance with the minimum bid price requirement. During this compliance period, the Company’s ordinary shares must have a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.
The Letter has no immediate effect on the listing or trading of the Company’s ordinary shares on the Nasdaq Capital Market. The Company intends to monitor the closing bid price of its ordinary shares and may consider available options to regain compliance with the Nasdaq minimum bid price requirement.
About Webus International Limited (NASDAQ: WETO)
Webus International Limited (NASDAQ: WETO) is a global TravelTech company providing AI-driven customized travel and digital mobility solutions for global travelers. Through its flagship brand Wetour Travel Tech LLC and regional subsidiaries, WETO offers premium chauffeur services, personalized itineraries, and blockchain-enabled travel products across North America, Asia, and the Middle East. For more information, please visit www.wetourglobal.com .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
Investor Relations Contact:
Annabelle Li
Investor Relations – Webus International Limited
Email: [email protected]
