Workflow
Springview Holdings Receives Nasdaq Notification Regarding Minimum Bid Requirement

Core Points - Springview Holdings Ltd has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as the closing bid price was below $1.00 for 30 consecutive business days from March 13, 2025, to April 24, 2025 [1] - The company has a compliance period of 180 calendar days, until October 22, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days [2] - If compliance is not achieved within the initial 180 days, the company may be eligible for an additional 180-day grace period, provided it meets other listing requirements [3] - The company is actively monitoring its share price and considering options to regain compliance, emphasizing its commitment to delivering value to shareholders and maintaining its Nasdaq listing [4] Company Overview - Springview Holdings Ltd, operating since 2002, specializes in designing and constructing residential and commercial buildings in Singapore [5] - The company offers a comprehensive range of services, including new construction, reconstruction, additions, alterations, and general contracting, along with post-project services like defect repairs and maintenance [5]