Group 1 - Top Wealth Group Holding Limited has been granted an additional 180 calendar days until December 8, 2025, to regain compliance with Nasdaq's minimum bid price requirement of $1 per share [1][2] - If compliance is not achieved by the deadline, Nasdaq will notify the Company of potential delisting, which can be appealed to a Hearings Panel [1] - The Company is actively evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's continued listing requirements [2] Group 2 - Top Wealth Group Holding Limited is incorporated in the Cayman Islands, with operations conducted through its subsidiary in Hong Kong, specializing in premium-class sturgeon caviar [3] - The Company offers caviar products under private labeling for customers and also markets its own brand, "Imperial Cristal Caviar," which has seen significant sales growth since its launch [3]
TWG Granted Second Grace Period by Nasdaq for Minimum Bid Price Compliance