RegulatoryMay 5, 2026, 04:36 PM
Eshallgo Regains Nasdaq Compliance After 16-for-1 Reverse Stock Split
AI Summary
Eshallgo Inc. announced it has regained compliance with Nasdaq's minimum bid price requirement. This follows a 16-for-1 reverse stock split that took effect on April 20, 2026. The company had previously received a non-compliance notice in July 2025 and was granted an extension until July 2026 to meet the $1.00 minimum bid price.
Key Highlights
- Eshallgo received a Nasdaq non-compliance notice on July 23, 2025, for its Class A ordinary shares trading below $1.00.
- The company was initially given until January 19, 2026, to regain compliance.
- An additional 180-day extension was granted until July 20, 2026.
- Shareholders and Board approved a 16-for-1 reverse stock split on April 10, 2026.
- The reverse stock split became effective on Nasdaq Capital Market on April 20, 2026.
- Eshallgo received a letter from Nasdaq on May 4, 2026, confirming regained compliance.
- The closing bid price was $1.00 or greater for 10 consecutive business days from April 20 to May 1, 2026.
Price Impact
More from EHGO