Recent Updates — DTSS

Datasea Intelligent Technology Ltd. disclosed that Nasdaq granted an additional 180-day compliance period until March 22, 2027, to regain the $1 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company previously received a notice of non-compliance on March 27, 2026, and was granted an initial 180-day cure period ending September 23, 2026. Datasea informed Nasdaq of its intention to effect a reverse stock split if necessary to cure the deficiency. Failure to regain compliance by the new deadline may result in delisting, though the company retains the right to appeal to a Nasdaq Hearings Panel. The firm operates in the technology sector.

Datasea Intelligent Technology Ltd. closed the acquisition of certain patents from Tianjin Qianli Culture Media Co., Ltd. on June 23, 2026. The transaction involved an aggregate purchase price of RMB 7.0 million, settled by issuing 1,122,156 restricted Class A ordinary shares at US$0.9156 per share to designated individuals. The acquired technology is intended to enhance the multimodal data processing and visual analysis capabilities of the company's Business Execution AI Agent. Datasea Intelligent Technology Ltd. provides AI-driven technology services and software solutions.

On June 5, 2026, the company's wholly owned subsidiary, Shuhai Tianjin, entered into an agreement to acquire a patent titled “A Cloud Detection Method Based on Scene-Level Semantic Guidance and Block-Level Boundary Disambiguation” (No. 202410651396.X) from Tianjin Qianli Culture Media Co., Ltd. The purchase price is RMB 7.0 million (approximately US$1.03 million), which will be paid via the issuance of Class A ordinary shares to two designated individuals. The number of shares will be based on the closing price of the trading day preceding the closing. Datasea Intelligent Technology Ltd. operates in the technology industry, providing intelligent computing and cloud infrastructure services.