WiMi Hologram Cloud Inc. filed a Form 6-K on November 2, 2026, disclosing that it received a written notification from Nasdaq on October 30, 2026, indicating non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Market.

Key Highlights

  • Notification date: WiMi Hologram Cloud received the Nasdaq deficiency letter on October 30, 2026.
  • Requirement breached: Nasdaq Listing Rule 5450(a)(1) requires a minimum bid price of $1.00 per share for continued listing on the Nasdaq Global Market.
  • Measurement period: The Company's Class B Ordinary Shares failed to meet the minimum bid price for the 30 consecutive business days from September 18, 2026, to October 29, 2026.
  • Compliance deadline: The Company has 180 calendar days, until April 28, 2027, to regain compliance.
  • Cure threshold: Compliance can be confirmed if the closing bid price is at least $1.00 for a minimum of ten consecutive business days during the compliance period.
  • Potential remedy: The Company disclosed it is evaluating options including seeking shareholder approval to effect a reverse stock split of its issued and outstanding ordinary shares.
  • No immediate listing effect: According to the filing, the Notification Letter has no immediate effect on the listing or trading of the Company's Class B Ordinary Shares.

WiMi Hologram Cloud Discloses Nasdaq Bid Price Deficiency and 180-Day Cure Window

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) disclosed in a Form 6-K filed with the Securities and Exchange Commission that it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC on October 30, 2026. According to the filing, the notification stated that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(1), which requires listed securities to maintain a minimum bid price of $1.00 per share. The Company reported that its Class B Ordinary Shares failed to meet this threshold over the 30 consecutive business days from September 18, 2026, through October 29, 2026.

The filing stated that, in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a compliance period of 180 calendar days, or until April 28, 2027, to regain compliance. The Company can satisfy the requirement if its Class B Ordinary Shares close at a bid price of at least $1.00 for a minimum of ten consecutive business days at any point during that period, at which time Nasdaq would provide written confirmation of compliance.

If compliance is not achieved by April 28, 2027, the filing noted the Company may be eligible for an additional 180-day compliance period, provided it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement. To qualify for that second period, the Company would be required to submit a transfer application, pay the applicable fee, and provide written notice of its intention to cure the deficiency, "which may include effecting a reverse stock split." The Company stated it "intends to actively monitor the closing bid price" and will evaluate all available options, including seeking shareholder approval for a reverse stock split. The filing's forward-looking statements are the Company's own and are subject to its cautionary language regarding risks and uncertainties.

What Was Disclosed

WiMi Hologram Cloud Inc. reported receiving a Nasdaq minimum bid price deficiency notice on October 30, 2026, covering its Class B Ordinary Shares. The Company has until April 28, 2027, to regain compliance, with a potential second 180-day extension available under certain conditions.