WiMi Hologram Cloud Inc. has received a notification from Nasdaq indicating that it is not in compliance with the minimum bid price requirement for continued listing. This notification could have significant implications for the company as it navigates its future on the Nasdaq Global Market.

On October 30, 2026, WiMi Hologram Cloud Inc. received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC. The notification states that the company does not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1). This rule mandates that listed securities maintain a minimum bid price of $1.00 per share.

According to the filing, the company’s Class B Ordinary Shares did not meet this requirement based on their closing bid price for the 30 consecutive business days from September 18, 2026, to October 29, 2026.

Despite this notification, the letter has no immediate effect on the listing or trading of WiMi's Class B Ordinary Shares on the Nasdaq Global Market. The company has been given a compliance period of 180 calendar days, or until April 28, 2027, to regain compliance with the minimum bid price requirement.

If at any time during this compliance period, the closing bid price of the company’s shares is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will confirm compliance, and the matter will be closed. However, if the company fails to regain compliance by the deadline, it may be eligible for an additional 180-day compliance period, provided it meets other listing requirements.

To qualify for this extension, the company would need to submit a transfer application and could consider options such as a reverse stock split, which would require shareholder approval.

WiMi Hologram Cloud Inc. intends to actively monitor the closing bid price of its shares and evaluate all available options to regain compliance within the prescribed period. The company’s management is aware of the implications this situation may have on its operations and is prepared to take necessary actions.

This notification raises concerns not only for WiMi but also for the broader prepackaged software industry, as companies face similar compliance challenges. Competitors will be observing how WiMi addresses this situation and whether it can successfully navigate the complexities of maintaining its Nasdaq listing.

Details were not available in the SEC filing regarding the company's specific strategies moving forward, but the management's commitment to compliance suggests proactive measures will be taken in the coming months.

The filing can be accessed through the SEC with the accession number 0001213900-26-114679.