From Financialpost · · 1m 10s
Smart Logistics Global Gets 180-Day Nasdaq Compliance Extension
Smart Logistics Global Limited receives 180-day extension to meet Nasdaq's minimum bid price rules.
In brief
Smart Logistics Global Limited receives 180-day extension to meet Nasdaq's minimum bid price rules. Smart Logistics Global Limited gets 180 days to regain Nasdaq compliance after failing minimum bid price requirement. Originally reported by Financialpost.
Nasdaq Grants Compliance Extension
Smart Logistics Global Limited receives written notification from Nasdaq granting an additional 180-calendar-day period to regain compliance with minimum bid price requirement.
Compliance Period Ends April 2027
The additional compliance period runs until April 26, 2027, after which the Company must meet Nasdaq's minimum bid price requirement.
Company Meets Listing Requirements
Nasdaq determined the Company satisfies continued listing requirements for market value of publicly held shares and other initial listing requirements.
Trading Continues Normally
The Company's Class A Ordinary Shares continue trading on Nasdaq Capital Market under symbol SLGB with no immediate effect on listing.
Recovery Conditions
If closing bid price reaches at least US$1.00 per share for ten consecutive business days, Nasdaq will confirm compliance restoration.
Company Plans Alternatives
The Company intends to monitor closing bid price and evaluate alternatives including reverse stock split to regain compliance.
What matters most
Smart Logistics Global Limited gets 180 days to regain Nasdaq compliance after failing minimum bid price requirement.
