RegulatoryNov 12, 2026, 08:31 AM
Zenta Group Receives Nasdaq Minimum Bid Price Deficiency Notice
AI Summary
Zenta Group Company Limited announced it has received a deficiency letter from Nasdaq indicating its Class A ordinary shares have fallen below the $1.00 minimum bid price requirement for 31 consecutive business days. The company has been granted a 180-day compliance period, until May 10, 2027, to regain compliance. The notice does not currently affect the trading of its shares, and the company intends to take all necessary measures to meet the requirement.
Key Highlights
- Zenta Group received a Nasdaq notice dated November 11, 2026, regarding minimum bid price deficiency.
- The company's Class A ordinary shares have had a closing bid price below $1.00 for 31 consecutive business days.
- Zenta Group has a compliance period until May 10, 2027, to regain compliance with the minimum bid price requirement.
- Compliance can be achieved if the closing bid price is at least $1.00 for ten consecutive business days within the compliance period.
- The notice has no current effect on the listing or trading of the company's shares on Nasdaq.
- The company stated it will take all reasonable measures to regain compliance.
Price Impact
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