SU Group Holdings Limited announced that on August 27, 2025, it received a written notification from Nasdaq regarding non-compliance with Listing Rule 5550(a)(4), which requires a minimum of 500,000 publicly held shares. Nasdaq calculated the company's publicly held shares at approximately 424,000 post-split, effective August 25, 2025. This deficiency follows the 1-for-10 reverse stock split implemented earlier in August.
This notification is a deficiency notice, not an immediate delisting, and the company's shares will continue to trade on Nasdaq. SU Group has until October 13, 2025, to submit a plan to regain compliance with the publicly held shares requirement. The company intends to submit this plan within the specified timeframe.
The failure to meet the publicly held shares requirement, even after a reverse stock split intended to address listing issues, presents another significant regulatory challenge. The company's ability to successfully implement a plan to increase its publicly held shares is crucial for maintaining its Nasdaq listing. This situation introduces further uncertainty for investors.
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