05:15 PM EDT, 05/21/2025 (MT Newswires) -- MingZhu Logistics ( YGMZ ) said Wednesday that it received a notification from the Nasdaq that the company regained compliance with the exchange's closing bid price rule.

The decision was made after MingZhu's shares closed at $1 or greater for 20 consecutive days from April 17 through May 8, according to the company.

Nasdaq Hearings Panel imposed a discretionary panel monitor for one year to address any future potential compliance concerns, MingZhu said.

Shares of the company were up 1.6% in recent after-hours activity.