Core Viewpoint - New Century Logistics has successfully regained compliance with Nasdaq's minimum bid price requirement for continued listing, following a period of non-compliance [1][3]. Company Compliance - On August 12, 2025, New Century received a notification from Nasdaq indicating that its ordinary shares had failed to maintain a minimum bid price of $1.00 for 30 consecutive business days [2]. - The company took active measures and from November 14, 2025, to December 2, 2025, the closing bid price of its ordinary shares was at or above $1.00 [3]. - Nasdaq formally notified the company on December 3, 2025, that it had regained compliance with Listing Rule 5550(a)(2) [3]. Company Overview - New Century Logistics is an international freight forwarding and logistics service provider, catering to direct shippers and other freight forwarders [4]. - The company assists clients in importing and exporting goods, which includes arranging shipments, selling cargo space, and handling customs clearance [4]. - Revenue is primarily generated from air freight export shipments to regions such as North America, Europe, and Asia [4].
New Century Logistics (BVI) Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement