Lucas GC Limited announced on September 11, 2025, that it received a letter from The Nasdaq Stock Market LLC. This notification informed the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2).
This development indicates a renewed challenge for the company in maintaining its listing standards on the Nasdaq Capital Market. The minimum bid price requirement mandates that a company's ordinary shares maintain a closing bid price of at least US$1.00.
The company will need to take steps to regain compliance to avoid potential delisting. This notification highlights ongoing volatility in the company's share price and its ability to consistently meet exchange requirements.
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