New York, June 11, 2026, 06:15 ET
- Big Tree Cloud (Nasdaq) ended Wednesday at $7.20, up 291.3%. Shares dropped steeply in after-hours trading.
- The action came with no fresh earnings report or big company news. That put focus on Nasdaq compliance deadlines and heavy trading volume.
- The company needs to hit Nasdaq’s market-value requirements by June 29, 2026, its earlier SEC filings show.
Big Tree Cloud Holdings Limited NASDAQ:DSY surged 291.3% to $7.20 Wednesday, then slid 36.25% to $4.59 after the bell. Traders flagged the sharp move, which hit less than three weeks ahead of a Nasdaq compliance cutoff. There was no new earnings release or corporate news tied to the swing.
Robinhood’s numbers flagged a wild day for the stock. Trading volume hit 113.59 million shares, way above the average 11.40 million. The price swung in a huge range, from $1.90 up to $19.90. Such heavy trading can pull in momentum traders, though it can push the price away from what’s happening in the business.
Investors have their eyes on DSY as it faces pressure to meet Nasdaq’s standards. In a January filing, Big Tree Cloud said Nasdaq flagged the company for falling short of the $50 million minimum Market Value of Listed Securities (MVLS) and the $15 million Market Value of Publicly Held Shares (MVPHS). MVLS looks at the value of all listed securities, while MVPHS is just the shares owned by public holders, not insiders. The deadline for both compliance issues is June 29, 2026.
The deadline matters because the price spike has to stick, not just show up in a headline gain. The SEC filing says the company’s MVLS has to close at $50 million or higher for at least 10 straight business days during the compliance period. Its MVPHS also needs to close at $15 million or more for 10 consecutive days. A single-day move doesn’t check the box.
The move followed news that Big Tree Cloud fixed another problem with Nasdaq earlier. In March, the company said it got word from Nasdaq that it was back in compliance with the $1.00 minimum bid-price rule. The company’s ordinary shares closed at or above $1.00 for 10 days straight between February 23 and March 6. The minimum bid-price rule means a stock can’t stay below a certain price for too long on the exchange.
Big Tree Cloud has been making moves to keep its listing. In February, shareholders signed off on a 1-for-20 reverse split, rolling every 20 shares into one. The firm also switched to a dual-class structure, keeping Class A shares trading as DSY, with a new CUSIP in place from February 23.
Small share count is another factor here. Following the consolidation and redesignation, the company reported that 3.5 million issued shares held by Ploutos Group Limited converted to Class B shares, and 1,251,873 issued shares turned into Class A shares, registered to various shareholders. Thin trading in a small listed class can push moves up or down.
Big Tree Cloud has talked up its AI push before. Back in February, the company announced its AI unit had landed initial technical service contracts worth around RMB 4.5 million, or $620,000, for enterprise platform projects and other services. Big Tree Cloud said those deals were part of its early effort to use AI in commercial products.
Big Tree Cloud’s AI update has given traders a fresh story, but the company’s annual filing tells a different tale. For the year ended June 30, 2025, net revenue dropped to $2.56 million from $7.32 million the prior year. Gross profit came in at $823,833, while operating expenses hit $39.04 million.
There’s a risk the rally stalls before fixing the listing issue. Big Tree Cloud posted a net loss of $32.5 million for fiscal 2025 and had negative operating cash flow of $6.5 million. The company’s annual report said it needs to secure enough equity or debt funding to stay in business. If DSY’s market cap doesn’t stay above Nasdaq’s required levels, or if interest fades before the June 29 deadline, the stock could face another drop.
All eyes now turn to whether Big Tree Cloud can hold up its market value for enough days in a row to clear Nasdaq’s MVLS and MVPHS rules before June 29. The company also has to persuade investors that its AI contracts and personal-care unit can back up more than just a quick jump in volatility.
