DelistingAug 3, 2026, 04:23 PM
SU Group Holdings Receives Nasdaq Delisting Determination
AI Summary
SU Group Holdings Limited announced it received a Nasdaq Staff Delisting Determination because its Class A ordinary shares traded below $1.00 for 30 consecutive business days. Due to a previous reverse stock split, the company is not eligible for the standard compliance period. SU Group intends to request a hearing, which will temporarily prevent delisting, and has approved a 1-for-5 share consolidation expected on August 6, 2026, to regain compliance with the minimum bid price requirement.
Key Highlights
- SU Group Holdings received a Nasdaq Staff Delisting Determination on August 3, 2026.
- The determination was due to the company's Class A ordinary shares trading below $1.00 for 30 consecutive business days.
- The period of non-compliance was from June 18, 2026, through July 31, 2026.
- SU Group is not eligible for the standard compliance period due to a prior 1-for-10 reverse stock split on August 25, 2025.
- The company intends to timely request a hearing before a Nasdaq Hearings Panel, which will stay the trading suspension.
- A 1-for-5 share consolidation (reverse stock split) is approved and expected to be effective on August 6, 2026.
- The share consolidation aims to restore compliance with Nasdaq's minimum bid price requirement.
Price Impact
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