RegulatoryMay 29, 2026, 07:16 PM
Fitness Champs Holdings Non-Compliant with Nasdaq Equity Rule
AI Summary
Fitness Champs Holdings Ltd received a letter from Nasdaq indicating non-compliance with Listing Rule 5550(b)(1) because its stockholders' equity of $598,490 as of December 31, 2025, was below the required $2,500,000. The company also did not meet alternative compliance standards. FCHL believes it has regained compliance following a May 2026 financing, though this is subject to Nasdaq's review. The company has until July 10, 2026, to confirm compliance or submit a plan to regain it, with a potential extension until November 20, 2026.
Key Highlights
- Fitness Champs Holdings received a Nasdaq non-compliance letter for Listing Rule 5550(b)(1).
- Stockholders' equity was $598,490 as of Dec 31, 2025, below the $2,500,000 minimum.
- Company did not meet alternative standards of market value or net income.
- FCHL believes it is now compliant due to May 2026 financing proceeds.
- Nasdaq's letter has no immediate impact on the listing of FCHL shares.
- Company has 45 days (until July 10, 2026) to confirm compliance or submit a plan.
- If a plan is accepted, FCHL may get up to 180 days (until Nov 20, 2026) to regain compliance.
Price Impact
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