Core Viewpoint - Primech Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement, reflecting the resilience of its business model and commitment to growth initiatives in the facility services sector [1][2][3] Company Compliance - Nasdaq notified Primech on May 13, 2025, that it has met the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing [1] - The company was previously notified on May 14, 2024, of non-compliance due to its ordinary share failing to meet a closing bid price of $1.00 for 30 consecutive business days [2] - To regain compliance, Primech needed to maintain a minimum closing bid price of $1.00 for at least 10 consecutive trading days, which was achieved on May 12, 2025 [2] Business Model and Growth - The CEO of Primech Holdings expressed satisfaction in regaining compliance, attributing it to the resilience of the business model and the dedication of the team [3] - The company remains focused on growth initiatives, particularly in expanding its market presence through AI-powered cleaning technologies [3] Company Overview - Primech Holdings Limited is a technology-driven facility services provider based in Singapore, serving both public and private sectors [3] - The company offers a wide range of services, including general facility maintenance, specialized cleaning solutions, and eco-friendly practices integrated with smart technology [3]
Primech Regains Compliance with Nasdaq’s Minimum Bid Price Requirement