WORK Medical Technology Group Ltd. (NASDAQ: WOK) announced on 2025‑10‑15 that it had received a delisting determination letter from the Nasdaq Stock Market on 2025‑10‑09. The letter cites that the company’s Class A ordinary shares had a closing bid price of $0.10 or less for ten consecutive trading days ending 2025‑10‑08, triggering Nasdaq Listing Rule 5810(c)(3)(A)(iii).
Under the determination, trading of WOK’s shares will be suspended at the opening of business on 2025‑10‑20, and the company will file a Form 25‑NSE with the SEC to remove its securities from Nasdaq. The company has until 2025‑10‑16 to request a hearing before a Nasdaq Hearings Panel; a request will stay the suspension pending the Panel’s decision. WOK plans to appeal the determination on or before that deadline and is evaluating options such as a reverse share split to regain compliance.
The delisting determination poses a significant risk to WOK’s liquidity and market presence. If the appeal is unsuccessful, the company will be delisted, potentially eroding investor confidence and limiting access to capital markets. The announcement underscores the urgency of the company’s efforts to restore Nasdaq compliance and maintain its public listing.
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