Lucas GC Limited announced on July 22, 2025, that it had regained compliance with the Nasdaq minimum bid price requirement. The company received a notification letter from Nasdaq's Listing Qualifications Department dated July 21, 2025, confirming this status.
The company had previously been notified on January 15, 2025, that its ordinary shares failed to maintain a minimum bid price of US$1.00 over the preceding 30 consecutive business days. This issue has now been resolved.
Compliance was achieved because the closing bid price of Lucas GC Limited's ordinary shares remained at US$1.00 per share or greater for 20 consecutive business days, spanning from June 20, 2025, to July 18, 2025. With this resolution, the matter of non-compliance is now closed.
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