Top Wealth Group Holding Limited announced on June 11, 2025, that it received a letter from Nasdaq granting an additional 180 calendar days to regain compliance with the minimum bid price requirement. The new deadline for compliance is December 8, 2025. This extension follows the initial notification received on December 9, 2024.
The Nasdaq Listing Rule 5550(a)(2) requires a minimum bid price of $1 per share for continued listing. Failure to demonstrate compliance by the December 8, 2025 deadline will result in Nasdaq staff providing written notification that the company’s securities will be delisted.
Top Wealth Group is currently evaluating its options to regain compliance and intends to use all reasonable efforts to meet Nasdaq’s continued listing requirement. The company's shares will continue to trade on the Nasdaq Capital Market during this extended grace period.
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