Jiuzi Holdings (JZXN) Company Overview

Shenzhen, China, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Jiuzi Holdings Inc. (NASDAQ: JZXN; the "Company" or “JZXN”), recently announced the amicable termination of acquisition negotiations with Shenzhen Maigesong Electric Technology Co., Ltd. ("Shenzhen Maigesong"). Although the proposed collaboration will not proceed, the experience has been a valuable step in JZXN's exploration of opportunities in the renewable energy sector, providing fresh insights and momentum for the Company's future development.

HANGZHOU, China, May 22, 2024 (GLOBE NEWSWIRE) -- Jiuzi Holdings Inc. (NASDAQ: JZXN; the "Company" or “JZXN”), an emerging new energy vehicle (NEV) dealership group operating under the brand name "Jiuzi" in China, announced today that on May 16, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).

Jiuzi (NASDAQ: JZXN ) stock is rocketing higher on Thursday despite a lack of news from the new energy vehicles sales company. Instead of a press release or filing, it looks like heavy trading is behind today's movement.

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