RegulatoryJun 1, 2026, 08:02 AM
Ten-League Regains Nasdaq Minimum Bid Price Compliance
AI Summary
Ten-League International Holdings Ltd. announced it regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share as of May 26, 2026. The company had previously faced a delisting determination but was granted continued listing by a Nasdaq Hearings Panel, conditional on achieving compliance by May 15, 2026. Ten-League will remain under a mandatory panel monitor until May 25, 2027, with no grace period for future non-compliance.
Key Highlights
- Regained compliance with Nasdaq's $1.00 minimum bid price rule on May 26, 2026.
- Subject to a Mandatory Panel Monitor through May 25, 2027.
- No grace period for future non-compliance during the monitor period.
- Previously received a delisting determination on March 10, 2026.
- Nasdaq Panel granted continued listing conditional on compliance by May 15, 2026.
- Panel considered strong revenue/net income growth and recent contracts.
Price Impact
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