RegulatoryJun 3, 2026, 09:23 AM
TJGC Trading Resumes After Nasdaq Information Request Halt
AI Summary
TJGC Group announced that trading in its ordinary shares on Nasdaq will resume on June 3, 2026, after being halted since May 15, 2026. The halt was imposed by Nasdaq's Listing Qualifications Department due to requests for additional information regarding recent trading activity and the Company's follow-on offering. TJGC responded to all inquiries, and Nasdaq has confirmed it has no further questions. The Company also clarified that a 1-for-3 reverse stock split, announced on May 21, 2026, was initiated to address a Nasdaq minimum bid price deficiency, independent of the trading activity.
Key Highlights
- TJGC Group's ordinary shares trading will resume on Nasdaq after 10:00 a.m. Eastern Time on June 3, 2026.
- Trading was halted on May 15, 2026, under halt code "T12" for additional information requested by Nasdaq.
- Nasdaq sought information regarding recent trading activity and the follow-on offering that closed on April 16, 2026.
- The Company submitted written responses to Nasdaq on May 18, May 19, and May 26, 2026.
- Following its review, Nasdaq Staff advised the Company that it has no further questions at this time.
- TJGC is unaware of any undisclosed corporate development explaining the recent trading activity in its shares.
- A 1-for-3 reverse stock split was announced on May 21, 2026, in response to a Nasdaq minimum bid price deficiency letter.
- The board proceeded with the reverse split for durable compliance, despite the share price rising above US$1.00.
Price Impact
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