RegulatoryMay 8, 2026, 09:01 AM
CL Workshop Group Receives Nasdaq Bid Price Deficiency Notice
AI Summary
CL Workshop Group Limited announced it received a notification from Nasdaq's Listing Qualifications Department on May 6, 2026, indicating non-compliance with the minimum bid price requirement. The company's American Depositary Shares (ADSs) traded below $1.00 for 30 consecutive business days. CL Workshop Group has a 180-calendar-day period, until November 2, 2026, to regain compliance, with a potential for an additional 180-day grace period if certain conditions are met, which may include a reverse share split. The notification does not result in immediate delisting, and ADSs will continue to trade.
Key Highlights
- CL Workshop Group received a Nasdaq notification on May 6, 2026, for failing to meet the minimum $1.00 bid price requirement.
- The company's ADSs traded below $1.00 for 30 consecutive business days from March 24 to May 5, 2026.
- CL Workshop Group has 180 calendar days, until November 2, 2026, to regain compliance.
- Compliance is achieved if the ADS closing bid price is $1.00 or above for at least 10 consecutive business days.
- An additional 180-day grace period may be granted if other listing standards are met, potentially requiring a reverse share split.
- The notification does not immediately affect the trading of the company's ADSs under the symbol "NWGL".
Price Impact
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