Core Viewpoint - Everbright Digital Holding Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market [1][2]. Compliance Status - The company has been informed that for the last 30 consecutive business days, its common stock's minimum closing bid price was below the required $1.00 per share [2]. - The company has a compliance period of 180 calendar days, until February 23, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days [3]. Potential Actions - If compliance is not regained by the deadline, the company 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]. - The company may consider a reverse stock split as a potential action to meet the bid price requirement [4]. Business Operations - The receipt of the notification does not affect the company's business operations, and it is actively monitoring its share price while exploring options to regain compliance [5]. - The company aims to meet the minimum bid price requirement as soon as practicable [5]. Company Overview - Everbright Digital Holding Limited is an integrated marketing solutions provider based in Hong Kong, focusing on the metaverse and related technologies [6]. - The company offers a range of digital marketing services, including metaverse stimulation, virtual reality (VR) and augmented reality (AR) design, event planning, IP character creation, and social media marketing [6].
Everbright Digital Holding Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency