Semilux Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance

Core Viewpoint - Semilux International Ltd. is currently not in compliance with Nasdaq's minimum bid price requirement, as its ordinary shares have been trading below $1.00 for 30 consecutive business days, but it has a compliance period of 180 days to rectify this situation [1] Group 1: Compliance Notification - The company received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) [1] - The closing bid price of the company's ordinary shares was below $1.00 for 30 consecutive business days [1] - The compliance period lasts until May 11, 2026, during which the company must achieve a closing bid price of at least $1.00 for 10 consecutive business days to regain compliance [1] Group 2: Potential Actions - The company intends to monitor its closing bid price and may consider options such as a reverse stock split to regain compliance with Nasdaq's minimum bid price requirement [2] Group 3: Company Overview - Semilux is based in the Cayman Islands and operates through its subsidiaries, including Taiwan Color Optics, Inc. (TCO) [3] - TCO specializes in optical and 3D sensing technology, providing customized optical components and integrated chips for various industries, including autonomous driving and intelligent lighting [3] - The applications of TCO's products include automotive laser headlight systems, adaptive driving beams, and light detection and autonomous driving systems (LiDAR) [3]