RegulatoryJul 30, 2026, 04:07 PM
Fenbo Holdings Receives Nasdaq Minimum Bid Price Deficiency Notice
AI Summary
Fenbo Holdings Limited announced it received a letter from Nasdaq notifying the company that it no longer meets the minimum bid price requirement of $1.00 per share. The non-compliance is due to the closing bid price falling below $1.00 for 30 consecutive business days. The company has a 180-day compliance period, until January 25, 2027, to regain compliance by maintaining a bid price of at least $1.00 for ten consecutive business days. The notification does not immediately affect the trading of its shares.
Key Highlights
- Received Nasdaq notification on July 27, 2026, regarding minimum bid price non-compliance.
- Company's Class A ordinary shares traded below $1.00 for 30 consecutive business days.
- Has 180 calendar days, until January 25, 2027, to regain compliance.
- Must maintain a closing bid price of at least $1.00 for 10 consecutive business days.
- Listing or trading of shares is not immediately affected.
- May be eligible for an additional 180-day compliance period if not compliant by January 25, 2027.
Price Impact
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