RegulatoryApr 28, 2026, 12:09 PM
LBGJ Regains Nasdaq Minimum Bid Price Compliance
AI Summary
Li Bang International Corp Inc. (LBGJ) announced it has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification on April 28, 2026, confirming its Class A Ordinary Shares maintained a closing bid price of $1.00 or greater for 20 consecutive business days from March 30, 2026, to April 27, 2026. This resolves the previous non-compliance notice received on November 7, 2025, regarding Nasdaq Listing Rule 5550(a)(2). Nasdaq has now closed the matter.
Key Highlights
- LBGJ regained compliance with Nasdaq Listing Rule 5550(a)(2).
- Received formal notification from Nasdaq on April 28, 2026.
- Previously notified of non-compliance on November 7, 2025.
- Class A Ordinary Shares maintained a closing bid price of $1.00 or greater.
- Compliance period was 20 consecutive business days from March 30, 2026, to April 27, 2026.
- Nasdaq has confirmed the matter is now closed.
Price Impact
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