Creative Global Technology Holdings Receives Nasdaq Bid Price Deficiency Notice
Creative Global Technology Holdings Ltd (CGTL) announced it received a notification from Nasdaq on June 26, 2026, indicating non-compliance with the minimum bid price requirement. The company's ordinary shares traded below $1.00 for 30 consecutive business days. CGTL has a 180-calendar-day compliance period, until December 23, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Failure to comply may lead to an additional grace period, potentially requiring a reverse stock split.
Key Highlights
- Received a notification letter from Nasdaq on June 26, 2026, regarding non-compliance with the minimum bid price requirement.
- The Company's ordinary shares traded below $1.00 for 30 consecutive business days from May 13, 2026, to June 25, 2026.
- Nasdaq Listing Rule 5550(a)(2) requires a minimum bid price of $1.00.
- CGTL has a compliance period of 180 calendar days, until December 23, 2026, to regain compliance.
- Compliance can be regained if the closing bid price is at least $1.00 for a minimum of 10 consecutive business days.
- An additional grace period may be granted if the Company meets other listing requirements and provides notice of intent to cure, potentially via a reverse stock split.
Price Impact
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