Core Viewpoint - Semilux International Ltd. has received a deficiency notice from Nasdaq regarding its Market Value of Listed Securities, which fell below the required minimum of $35 million, impacting its compliance status for continued listing on the Nasdaq Global Market [1][2]. Group 1: MVLS Deficiency Notice - The MVLS Deficiency Notice indicates that from November 13, 2025, to December 30, 2025, the Company's MVLS was below the $35 million threshold required for Nasdaq listing [1]. - The notice does not immediately affect the trading of the Company's ordinary shares, which continue to trade under the symbol "SELX" [2]. Group 2: Compliance Timeline - The Company has until June 29, 2026, to regain compliance with the MVLS Requirement, as per Nasdaq Listing Rule 5810(c)(3)(C) [2]. - To regain compliance, the Company's MVLS must close at $35 million or more for at least ten consecutive business days during the compliance period [2]. Group 3: Potential Delisting - If compliance is not achieved by the Compliance Date, Nasdaq will issue a notice regarding potential delisting, which the Company can appeal [3]. - There is no guarantee that any appeal against a delisting determination would be successful [3]. Group 4: Company Actions - The Company plans to actively monitor its MVLS and will take reasonable measures to regain compliance with the MVLS Requirement [4]. - Despite the Company's efforts to maintain its listing, there is no assurance that it will successfully regain or maintain compliance with Nasdaq's continued listing standards [4].

Shares of Intelligent Bio Solutions Inc. (NASDAQ:INBS) fell sharply during Friday's session after the company announced plans to raise fresh capital.Intelligent Bio said it will raise $10 million through a private placement, which weighed on shares following the announcement.Intelligent Bio Solutions shares dipped 19.7% to $7.65 on Friday.Here are some other stocks moving in today’s mid-day session.GainersLavoro Limited (NASDAQ:LVRO) jumped 181% to $1.2900.Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) rose 5 ...

Taipei, Taiwan, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Semilux International Ltd. (NASDAQ: SELX) (“Semilux” or the “Company”) today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is ...

Financial Performance - For the fiscal year ended December 31, 2023, 94.2% of the company's revenue was generated in U.S. Dollars, while 74.5% of its expenses were denominated in New Taiwan Dollars (NTD) [384]. - A hypothetical 10% change in foreign currency exchange rates could have a material impact on the company's financial statements [385]. Company Classification - The company is classified as an emerging growth company (EGC) and will remain so until it exceeds a market value of $700 million or total annual gross revenue of $1.07 billion [375][376]. - The company qualifies as a foreign private issuer, allowing it to follow corporate governance practices of Taiwan instead of certain Nasdaq requirements [380]. Risk Management - The company manages liquidity risk by maintaining adequate cash levels to finance operations and monitoring bank borrowings [388]. - Credit risk is primarily associated with bank deposits, trade receivables, and other financial assets, with measures in place to review counterparties' financial conditions [387]. - The company is exposed to interest rate risk due to borrowings based on both fixed and floating interest rates [386]. - The company has not engaged in any hedging strategies to date and may consider hedging significant transactions in the future [385]. Borrowings and Financial Obligations - The company's short-term bank borrowings include loans from Chuang Hwa Bank and E.Sun Bank, maturing on November 13, 2024, and April 28, 2024, respectively [386]. Reporting Requirements - The company will file an annual report on Form 20-F with the SEC within four months after the end of each fiscal year [377].

Core Viewpoint - Semilux International Ltd. has received a delinquency notification from Nasdaq due to its failure to timely file its annual report for the year ended December 31, 2024, which may affect its compliance status with Nasdaq Listing Rule 5250(c)(1) [1][2][3] Group 1: Compliance and Reporting - The Company has 60 calendar days from the receipt of the Deficiency Letter to submit a plan to regain compliance with the Listing Rule [2] - Nasdaq may grant an extension of up to 180 calendar days from the due date of the Annual Report, potentially until November 11, 2025, for the Company to regain compliance [2] - The delay in filing the Annual Report is primarily due to the need for additional time to finalize financial statements and prepare the report [3] Group 2: Impact on Listing - The Deficiency Letter does not have an immediate impact on the listing of the Company's ordinary shares on the Nasdaq Capital Market [4] - The announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of deficiency notifications [4] Group 3: Company Overview - Semilux is based in the Cayman Islands and operates through its subsidiaries, including Taiwan Color Optics, Inc., which specializes in optical and 3D sensing technology [5] - The Company focuses on the customization, design, and supply of optical components for various industries, including autonomous driving and intelligent lighting [5] - TCO's products are used in applications such as automotive laser headlight systems and light detection and autonomous driving systems (LiDAR) [5]

Financial Performance - Sales revenue for the first half of 2024 was NT$ 16,226,000, an increase of 6.3% compared to NT$ 15,262,000 in the same period of 2023[6] - Operating loss for the first half of 2024 was NT$ 55,376,000, compared to an operating loss of NT$ 32,513,000 in the first half of 2023, indicating a significant increase in losses[6] - Total comprehensive loss for the period ended June 30, 2024, was NT$ 35,711,000, compared to a loss of NT$ 22,498,000 in the same period of 2023, marking a 58.5% increase in losses[6] - For the six months ended June 30, 2024, the company reported a loss before tax of $35,825 thousand, compared to a loss of $22,802 thousand in the same period of 2023[12] - The company incurred a net loss of $35,711 million for the six months ended June 30, 2024, resulting in a basic/diluted loss per share of $1.27[62] Assets and Liabilities - Total assets decreased to NT$ 418,068,000 as of June 30, 2024, down from NT$ 448,815,000 at the end of 2023, representing a decline of 6.5%[2] - Cash and cash equivalents decreased to NT$ 150,108,000 as of June 30, 2024, down 26% from NT$ 202,465,000 at the end of 2023[2] - Current liabilities totaled NT$ 121,594,000 as of June 30, 2024, slightly down from NT$ 122,530,000 at the end of 2023[4] - Total equity attributable to owners decreased to NT$ 252,587,000 as of June 30, 2024, down from NT$ 288,298,000 at the end of 2023, reflecting a decline of 12.4%[4] - As of June 30, 2024, total borrowings amounted to $165,481 thousand, with a gearing ratio of 39.58%, up from 35.76% at December 31, 2023[74] Cash Flow and Investments - Net cash flows used in operating activities amounted to $32,508 thousand for the first half of 2024, significantly higher than $1,970 thousand in the prior year[12] - The company reported a net decrease in cash and cash equivalents of $52,357 thousand for the first half of 2024, compared to a decrease of $43,950 thousand in the same period of 2023[12] - Cash paid for the purchase of property, plant, and equipment during the six months ended June 30, 2024, was $12,301 million, compared to $7,104 million in 2023[63] - The company plans to issue 15,000 thousand new shares at an issue price of $20 per share, totaling $300,000 thousand, to support capital increase[75] - The company has committed $9,750 thousand for capital expenditure on property, plant, and equipment as of June 30, 2024[70] Research and Development - Research and development expenses increased to NT$ 17,586,000 in the first half of 2024, up from NT$ 11,535,000 in the same period of 2023, indicating a focus on innovation[6] - The company plans to invest $40,564 thousand in EZ Intelligent Technology CO., LTD. for AI research and development, expecting to hold approximately 36.04% ownership[75] Inventory and Cost of Goods Sold - The cost of goods sold for the six months ended June 30, 2024, was $14,090 million, compared to $10,541 million for the same period in 2023, reflecting a 33.8% increase[34] - The total inventory recognized as an expense for the period was $28,428 million, significantly higher than $15,608 million in the previous year, indicating an increase of 82.0%[34] - The company's total inventory as of June 30, 2024, was $38,120 million, a decrease from $45,275 million as of December 31, 2023[32] Employee and Pension Costs - Employee benefit expenses totaled $30,811 million for the six months ended June 30, 2024, compared to $23,470 million in the same period of 2023[60] - The pension costs under defined contribution pension plans for the six months ended June 30, 2024, were $1,224 million, up from $1,025 million in the same period of 2023[46] Borrowings and Financing - The company had secured short-term borrowings of $90,000 million as of June 30, 2024, with an interest rate range of 1.94% to 2.55%[41] - The total long-term borrowings as of June 30, 2024, amounted to $47,893 million, with secured borrowings at $11,060 million and unsecured borrowings at $36,833 million[42] - The company has undrawn borrowing facilities of $13,040 million as of June 30, 2024, ensuring liquidity for operational needs[86] Accounts Receivable - Accounts receivable as of June 30, 2024, stood at $4,722 thousand, a decrease from $5,530 thousand in the previous year[30] - The company reported a total book value of accounts receivable of $4,722 million as of June 30, 2024, with a loss allowance of $8 million[81] - The expected loss rate for accounts not past due is 0.00%, while for accounts more than 360 days past due, the expected loss rate is 100.00%[81] - The company applies a modified approach using a provision matrix based on the loss rate methodology to estimate expected credit loss[80] - The company monitors credit risk by transacting with a variety of well-known financial institutions to minimize concentration risk[80]

Financial Performance and Currency Exposure - For the fiscal year ended December 31, 2023, 94.2% of the company's revenue was generated in U.S. Dollars, while 74.5% of its expenses were denominated in New Taiwan Dollars (NTD) [382]. - The company has not engaged in any hedging strategies to mitigate foreign currency risk, which could significantly impact its financial statements with a hypothetical 10% change in exchange rates [383]. - The company has not entered into foreign-exchange hedging contracts for all currencies in which it operates, exposing it to potential fluctuations in cash flows [381]. Company Classification and Governance - The company is classified as an emerging growth company (EGC) and will remain so until its market value exceeds $700 million or total annual gross revenue reaches $1.07 billion [375][376]. - The company qualifies as a foreign private issuer, allowing it to follow corporate governance practices of Taiwan instead of U.S. Nasdaq requirements [380]. - The company intends to rely on exemptions provided by the JOBS Act, including reduced reporting requirements and exemptions from certain voting requirements [375][379]. Risk Management - Interest rate risk is present due to borrowings based on both fixed and floating rates, with short-term loans maturing in 2024 and long-term loans maturing between 2026 and 2027 [384]. - The company limits credit risk by reviewing counterparties' financial conditions and payment practices to minimize collection risks on accounts receivable [385]. - Liquidity risk is managed by maintaining adequate cash levels to finance operations and monitoring bank borrowings for compliance with loan covenants [386]. Financial Reporting and Estimates - The company evaluates its estimates and judgments related to financial reporting, which may differ from actual results under different assumptions [373].