RegulatoryApr 30, 2026, 04:35 PM
WFF Regains Nasdaq Compliance After 1-for-5 Reverse Split
AI Summary
WF Holding Limited announced it has regained compliance with Nasdaq's minimum $1.00 closing bid price requirement. The company had previously received a non-compliance notification in October 2025 and was granted until April 27, 2026, to resolve the issue. Compliance was achieved after implementing a 1-for-5 reverse share split on April 13, 2026, with the share price remaining above $1.00 for 11 consecutive business days.
Key Highlights
- Received Nasdaq non-compliance notification on October 28, 2025, for $1.00 bid price rule.
- Granted 180-calendar day period until April 27, 2026, to regain compliance.
- Implemented a 1-for-5 reverse share split on April 13, 2026.
- Regained Nasdaq compliance on April 28, 2026.
- Closing bid price was at or above $1.00 for 11 consecutive business days from April 13 to April 27, 2026.