Eshallgo Inc. announced on July 25, 2025, that it received a notice from the Nasdaq Listing Qualifications department on July 23, 2025. The notice stated that for the last 30 consecutive business days, the closing bid price of the company’s Class A ordinary shares was below the minimum bid price of US$1.00 per share, violating Nasdaq Listing Rule 5550(a)(2).
The Nasdaq notification letter does not immediately affect the listing or trading of the company’s Class A ordinary shares. Eshallgo has been provided with a compliance period of 180 calendar days, until January 19, 2026, to regain compliance under the Nasdaq Listing Rules.
To regain compliance, the closing bid price of the company’s Class A ordinary shares must be US$1.00 per share or higher for at least ten consecutive business days during the compliance period. Eshallgo stated its intention to take all reasonable measures to cure the deficiency within the prescribed grace period.
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