Core Viewpoint - Top Wealth Group Holding Limited has received a delinquency notification from Nasdaq due to its ordinary shares trading below the minimum bid price requirement of $1.00 for 30 consecutive business days, and the company has until June 9, 2025, to regain compliance [1][2][3]. Group 1: Compliance and Listing Status - The company is currently not in compliance with Nasdaq's minimum bid price requirement as its shares have been trading below $1.00 for 30 consecutive business days [1][2]. - The company has a 180-day period from the notice date to regain compliance, specifically until June 9, 2025 [2][3]. - If the company's shares close at or above $1.00 for at least 10 consecutive business days before June 9, 2025, Nasdaq will confirm compliance [3]. Group 2: Potential Consequences and Actions - If compliance is not regained by the deadline, the company may be eligible for additional time to meet the listing requirements, provided it meets other criteria [4]. - The company is committed to regaining compliance and is evaluating options to resolve the deficiency within the compliance period [5]. Group 3: Company Overview - Top Wealth Group Holding Limited is a Hong Kong-based supplier of luxury caviar products, operating through its subsidiary in Hong Kong [6]. - The company specializes in premium-class sturgeon caviar and has a brand named "Imperial Cristal Caviar," which has seen significant sales growth since its launch [6].
Top Wealth Group Holding Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency