Core Viewpoint - WANG & LEE GROUP, Inc. has received notification from Nasdaq regarding non-compliance with minimum bid price requirements for continued listing due to its share price falling below $1.00 for 30 consecutive business days [1][2]. Compliance Period and Actions - The company has a compliance period of 180 calendar days, until November 3, 2025, to regain compliance by ensuring the closing bid price is at least $1.00 for a minimum of ten consecutive business days [2][3]. - If the company does not regain compliance, it may be eligible for an additional 180-day period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [4]. Company Response - The company is currently considering actions to respond to the notification but has not made any decisions yet [5]. Company Overview - WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems, including low voltage electrical systems, mechanical ventilation, air-conditioning systems, fire service systems, and water supply and sewage disposal systems [6]. - The company provides design and contracting services across all trades in the construction industry, serving clients from small startups to large corporations [6].
WANG & LEE GROUP, Inc. Bid Price Deficiency