RegulatoryApr 16, 2026, 07:47 AM
FBS Global Receives Nasdaq Minimum Bid Price Notice
AI Summary
FBS Global Limited (FBGL) announced it received a notice from Nasdaq regarding non-compliance with the $1.00 minimum bid price requirement for continued listing. The company has 180 days, until October 12, 2026, to regain compliance by having its ordinary shares trade at or above $1.00 for at least ten consecutive business days. The notice does not immediately affect the company's listing, and FBS Global may consider options such as a reverse stock split to address the issue.
Key Highlights
- Received Nasdaq notice for non-compliance with $1.00 minimum bid price.
- Has 180 days, until October 12, 2026, to regain compliance.
- Must maintain a closing bid price of $1.00 or more for 10 consecutive days.
- Company may consider a reverse stock split to meet requirement.
- Listing on Nasdaq Capital Market is not immediately affected.
Price Impact