Core Viewpoint - Masonglory Limited is currently not in compliance with Nasdaq's minimum bid price requirement, as its ordinary shares have closed below $1 for 30 consecutive business days, but this notification does not result in immediate delisting [1] Compliance Timeline - The company has a Compliance Period of 180 calendar days, until September 9, 2026, to regain compliance by achieving a closing bid price of at least $1 per share for a minimum of 10 consecutive business days [2] - If compliance is regained within this period, Nasdaq will provide written confirmation and close the matter [2] Reverse Stock Split Option - The company may implement a reverse stock split to regain compliance, which must be completed no later than ten business days prior to September 9, 2026 [2] Additional Compliance Period - If the company does not regain compliance by the deadline, it may be eligible for an additional 180 calendar days, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [3] - Nasdaq will assess the company's ability to cure the deficiency; if it appears unlikely, the company may face delisting [3] Monitoring and Evaluation - The company is actively monitoring its closing bid price and evaluating options, including a reverse stock split, to regain compliance [4] Company Overview - Masonglory Limited, founded in 2018, is a Hong Kong-based subcontractor specializing in wet trades and ancillary services for property developers and the government [5] - The company is a registered specialist trade contractor since 2020, providing services such as plastering, tile laying, brick laying, floor screeding, and marble works [5]
Masonglory Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency