DelistingJul 10, 2026, 04:22 PM
Lakeside Holding Gets Nasdaq Extension to Avoid Delisting
AI Summary
Lakeside Holding Ltd received a second notice from Nasdaq regarding its non-compliance with the minimum bid price requirement. The company has been granted an extension until January 4, 2027, to regain compliance. Lakeside Holding plans to address the deficiency, potentially by implementing a reverse stock split if necessary. Failure to comply by the new deadline could lead to delisting.
Key Highlights
- Received second Nasdaq notice for non-compliance with minimum bid price requirement.
- Granted an additional 180-calendar day period until January 4, 2027, to regain compliance.
- Initial non-compliance notice received on January 7, 2026, for bid price below $1.00.
- Original compliance deadline was July 7, 2026.
- Company intends to cure deficiency, potentially through a reverse stock split.
- Must maintain a closing bid price of at least $1.00 for 10-20 consecutive business days.
- Reverse stock split, if chosen, must be completed by December 21, 2026.
Price Impact
More from LSH