Core Viewpoint - Garden Stage 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, with a compliance deadline set for June 23, 2025 [1][6]. Company Overview - Garden Stage Limited is a Hong Kong-based financial services provider engaged in placing and underwriting services, securities dealing and brokerage services, asset management services, and investment advisory services [3]. Compliance Details - The company has a 180-day period from the date of the notice to regain compliance with the minimum bid price requirement, which is until June 23, 2025 [1][2]. - If the company fails to regain compliance by the deadline, it may be eligible for additional time, provided it meets other listing requirements [2]. Trading Status - The receipt of the notice does not affect the company's business operations or the trading of its ordinary shares, which will continue to trade on Nasdaq under the ticker "GSIW" [6]. - If the bid price reaches or exceeds $1.00 for at least 10 consecutive business days before the compliance deadline, Nasdaq will confirm compliance [6].
Garden Stage Limited - Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency