MINGZHU LOG.HLDGS DL-,001

MingZhu Logistics is being delisted from the Nasdaq Capital Market after the company failed to comply with NASDAQ listing rule 5550(a)(2) (minimum bid price rule). Trading in the shares was suspended at the start of trading on Thursday. Following the decision, the board canceled the extraordinary general meeting scheduled for Friday; the SEC filing was signed by CFO Junfei Yang. » Más en de.investing.com

Subsidiary Mingzhu Technology has signed a $6.99 million contract with TickToc Apex to deliver 10,000 MZ-01 model robot dogs. The products will be delivered in batches to a TickToc Apex‑designated warehouse in the US, with the final delivery scheduled by September 30, 2026. MingZhu Logistics also announced a registered direct placement of $8 million and a 1-for-16 reverse split. » Más en de.investing.com

MingZhu Logistics completed a direct placement of $8 million, selling 8 million units at $1.00 each to institutional investors. Each unit consists of a common share or a prepaid warrant plus a regular warrant; the regular warrants are exercisable immediately at $1.00 and expire after six months. The company has high debt and significant cash burn; MingZhu did not disclose how the proceeds will be used. Univest Securities acted as placement agent, and the transaction relied on a previously filed shelf registration (Form F-3). In addition, a 1-for-16 reverse split will become effective on November 12, 2025, the par value of the shares will change to $0.128, and the ticker symbol will remain unchanged. » Más en de.investing.com