RegulatoryMay 5, 2026, 04:32 PM
Smart Logistics Global Notifies Nasdaq Minimum Bid Price Non-Compliance
AI Summary
Smart Logistics Global Limited announced it received a written notification from Nasdaq Listing Qualifications Department regarding non-compliance with the minimum bid price requirement. The company's ordinary shares traded below US$1.00 for 30 consecutive business days from March 19, 2026, to April 30, 2026. Smart Logistics Global has an initial compliance period of 180 calendar days, until October 28, 2026, to regain compliance by having its shares close at or above US$1.00 for at least ten consecutive business days. The notification does not immediately affect the listing of its shares on The Nasdaq Capital Market.
Key Highlights
- Smart Logistics Global received a Nasdaq non-compliance notification for minimum bid price.
- Closing bid price was below US$1.00 per share for 30 consecutive business days.
- Non-compliance period was from March 19, 2026, through April 30, 2026.
- Company has 180 calendar days, until October 28, 2026, to regain compliance.
- To regain compliance, bid price must be at least US$1.00 for 10 consecutive business days.
- The notification has no immediate effect on the listing of the Company's shares.
- Company is monitoring bid price and evaluating options to regain compliance.
Price Impact
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