Core Viewpoint - Springview Holdings Ltd has regained compliance with Nasdaq Listing Rule 5550(a)(2) after a reverse share split, maintaining a minimum bid price of US$1.00 per share for at least ten consecutive trading days [1][2]. Compliance and Monitoring - The Nasdaq Hearings Panel confirmed the company's compliance and will retain jurisdiction until April 22, 2026, with a one-year discretionary monitoring period imposed [3]. - During the monitoring period, the company must continue to demonstrate compliance with all applicable Nasdaq continued listing standards [3]. Business Commitment - The company is committed to maintaining compliance with Nasdaq's listing requirements and aims to enhance long-term shareholder value through disciplined execution of its business strategy [4]. Company Overview - Springview Holdings Ltd designs and constructs residential and commercial buildings in Singapore, with an operating history dating back to 2002 [5]. - The company offers a comprehensive range of services, including design, construction, furniture customization, project management, and post-project services [5].
Springview Holdings Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement.