RegulatoryJun 1, 2026, 06:07 AM
Fitness Champs Receives Nasdaq Deficiency Notice
AI Summary
Fitness Champs Holdings Limited received a deficiency notice from Nasdaq on May 26, 2026, for non-compliance with the minimum stockholders' equity requirement. As of December 31, 2025, the company's equity was $598,490, significantly below the $2,500,000 threshold. However, Fitness Champs Holdings believes it has regained compliance following a financing completed in May 2026, pending Nasdaq's review. The company has until July 10, 2026, to confirm compliance or submit a plan, with a potential extension until November 20, 2026, if a plan is accepted.
Key Highlights
- Fitness Champs Holdings received a Nasdaq deficiency notice on May 26, 2026.
- The company's stockholders' equity was $598,490 as of December 31, 2025, below the $2,500,000 minimum.
- Fitness Champs Holdings believes it is now compliant due to a May 2026 financing.
- The company has 45 days, until July 10, 2026, to confirm compliance or submit a plan.
- If a plan is accepted, an extension until November 20, 2026, may be granted.
- The notice has no immediate impact on the listing of the company's shares.
Price Impact
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