Neo-Concept International Group Holdings Limited announced that it received a letter from Nasdaq on January 7, 2025, granting an additional 180 calendar days to regain compliance with the minimum bid price requirement. The new deadline for compliance is July 7, 2025.
The company had previously been notified that its Class A Ordinary Shares failed to maintain the minimum $1 bid price over a consecutive 30-business-day period, as stipulated by Nasdaq Listing Rule 5550(a)(2). NCI is currently assessing strategies to achieve compliance.
Failure to demonstrate compliance by July 7, 2025, could result in Nasdaq Staff providing written notification of delisting. The company is committed to fulfilling Nasdaq’s continued listing requirements and will exert all reasonable efforts to meet the rule.
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