RegulatoryJul 17, 2026, 09:12 AM
Huadi International Group Receives Nasdaq Bid Price Deficiency Notice
AI Summary
Huadi International Group Co., Ltd. announced it received a Nasdaq Listing Qualifications Staff Determination Letter on July 14, 2026. The notice stated the company is not in compliance with Nasdaq's minimum bid price requirement, as its ordinary shares traded below $1.00 for 30 consecutive business days. Huadi has been granted a compliance period of 180 calendar days, until January 11, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. The company is actively monitoring its share price and considering all options, including a potential reverse stock split, to maintain its Nasdaq listing.
Key Highlights
- Received Nasdaq Listing Qualifications Staff Determination Letter on July 14, 2026.
- Non-compliant with Nasdaq's minimum bid price requirement of $1.00 per share.
- Closing bid price was below $1.00 for 30 consecutive business days.
- Granted 180 calendar days, until January 11, 2027, to regain compliance.
- Must achieve a closing bid price of at least $1.00 for 10 consecutive business days.
- May be eligible for an additional 180-day period under certain conditions.
- Company is considering all available options, including a reverse stock split.
Price Impact
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