Hangzhou, China, Oct. 10, 2025 (GLOBE NEWSWIRE) -- WORK Medical Technology Group LTD (Nasdaq: WOK) (“WORK Medical” or the “Company”), a supplier of medical devices in China, through its subsidiary, Work (Hangzhou) Medical Treatment Equipment Co., Ltd. and its subsidiaries in China, today announced that it has received a notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day period to regain compliance with the minimum bid price requirement pursuan ...

As a result of the reverse stock split, every three shares of the Fund's outstanding common stock will be converted into one share of common stock. A reverse stock split will decrease the number of the Fund's shares of common stock outstanding and potentially increase the market price per share of common stock by a proportional amount. While the number of the Fund's outstanding shares of common stock will decline, neither the Fund's portfolio holdings nor the total value of stockholders' investments in the ...

Lucid Group Inc (NASDAQ:LCID) shares are trading marginally higher on Wednesday afternoon as investors weighed the company’s record third-quarter delivery figures against a backdrop of revised production guidance and ongoing supply chain issues. Here’s what investors need to know.What To Know: The luxury electric vehicle maker announced it delivered a record 4,078 vehicles in the third quarter, marking a 46% increase year-over-year. The company also produced 3,891 vehicles during the same period.Despite the ...

Core Viewpoint - 3 E Network Technology Group Limited has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares [1][2]. Compliance Status - The company has a compliance period of 180 calendar days, until March 24, 2026, to regain compliance by achieving a closing bid price of $1.00 per share for at least 10 consecutive business days [2][3]. - If the company does not regain compliance within the initial period, it may be eligible for an additional compliance period, provided it meets other listing requirements [3][4]. Business Operations - The receipt of the deficiency letter does not affect the company's business operations, and it plans to monitor the closing bid price actively [5]. - 3 E Network is a B2B IT solutions provider, offering integrated software and hardware solutions across various sectors, including property management, food establishments, and clean energy utilities [6].

Core Viewpoint - Fitell Corporation has executed a reverse stock split at a ratio of 16 for 1 to enhance its stock appeal to investors, resulting in a significant price increase and reflecting positive market sentiment [1][2][5]. Company Overview - Fitell Corporation, trading under NASDAQ:FTEL, is an online retailer based in Australia, specializing in gym and fitness equipment [1]. - The company's market capitalization is approximately $177.8 million, indicating its size and value in the market [4]. Stock Performance - Following the reverse stock split, FTEL's stock price rose by 9.93% to $8.46, showing a positive market response [3][5]. - The stock has experienced a high of $792 and a low of $5.76 over the past year, highlighting its volatility [4]. - FTEL's trading volume is 3,385,342 shares, reflecting active investor interest and engagement [4][5]. Market Activity - Post-split, FTEL continues to trade on The Nasdaq Capital Market, with its stock price fluctuating between $7.12 and $15.79, indicating market volatility [3].

Group 1 - Lucid Group has experienced a significant decline in share price, down approximately 31% year-to-date, largely due to the announcement of a 1-for-10 reverse stock split in mid-July [1] - Following the reverse split on September 2, Lucid's shares have risen about 17%, and 28% from the low hit on September 3, which is atypical behavior for stocks post-reverse split [2][8] - Research indicates that stocks undergoing a reverse split typically see a drop in price before and after the split, but Lucid's stock defied this trend with a rise in price instead [3][4] Group 2 - After the reverse split announcement, Lucid's shares fell 36.5% until August 29, and then dropped an additional 10.8% on the first trading day post-split, followed by a further 7.6% decline over the next two days [4] - Despite the expected decline, trading volume for Lucid shares increased, and short interest rose to about 80% of outstanding shares, which usually exerts downward pressure on stock prices [6][7] - On September 10, as Lucid's stock price increased by 20% from its low, short interest decreased to approximately 12.8% of outstanding shares, stabilizing the stock price between $19 and $20 [9]

Core Points - Vivakor, Inc. has received a 180-calendar-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by March 16, 2026 [1][4] - The company was previously notified on March 18, 2025, that it did not meet the minimum bid price of $1.00 per share for 30 consecutive business days [2] - The extension was granted as the company complies with all other Nasdaq listing requirements and has indicated plans to address the bid price deficiency, potentially through a reverse stock split [3] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [5] - The company offers crude oil storage, transportation, and remediation services under long-term contracts, and operates oilfield waste remediation facilities [5]

Core Viewpoint - Fenbo Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period until March 11, 2026, to regain compliance [1][2]. Group 1: Nasdaq Compliance Notification - The Company was notified by Nasdaq that it does not meet the minimum bid price requirement of $1 per share based on the closing bid price over the last 30 consecutive business days [1]. - Nasdaq has granted the Company a compliance period of 180 calendar days, ending on March 11, 2026, to regain compliance [2]. - If the Company fails to regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Company's Response and Future Plans - The Company is currently evaluating options to regain compliance and intends to make reasonable efforts to meet Nasdaq's continued listing requirements [3]. - There is no assurance that the Company will successfully regain compliance with the Nasdaq listing rules [3]. Group 3: Company Background - Fenbo Holdings Limited was founded in 1993 and initially operated as a toy manufacturer before shifting focus to personal care electric appliances in 2005 [4]. - The manufacturing subsidiary, Fenbo Plastic Products Factory (Shenzhen) Ltd., was established in 2010 and has a production capacity of over three million units per year [4]. - The Company operates as both an original equipment manufacturer and has historically served as an original design manufacturer [4].

Core Viewpoint - Athira Pharma, Inc. will implement a 10-for-1 reverse stock split to comply with Nasdaq's minimum bid price requirement and enhance the marketability and liquidity of its common stock [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on September 17, 2025, at 5:00 p.m. Eastern Time, with trading on a split-adjusted basis starting on September 18, 2025 [2]. - Every ten shares of Athira's common stock will be combined into one share, reducing the total number of authorized shares from 900 million to 90 million [3]. - The par value per share will remain unchanged at $0.0001, and adjustments will be made to outstanding options and restricted stock units [3]. Group 2: Impact and Purpose - The reverse stock split aims to increase the share price to meet the $1.00 minimum bid price requirement for continued listing on Nasdaq [2]. - The company anticipates that the split will improve the marketability and liquidity of its common stock, potentially attracting a broader range of investors [2][3]. Group 3: Administrative Aspects - Computershare Inc. will act as the exchange agent for the reverse stock split, and registered stockholders will not need to take action to receive post-split shares [4]. - Stockholders holding shares in brokerage accounts will have their positions automatically adjusted to reflect the reverse stock split [4].

Core Viewpoint - Stardust Power Inc. is executing a 1-for-10 reverse stock split to regain compliance with Nasdaq listing requirements and enhance access to capital markets, which is crucial for advancing its U.S. lithium refining project [2][3][4]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on September 8, 2025, at 12:01 a.m. Eastern Time, with every ten shares combined into one share, reducing the number of outstanding shares to approximately 8,458,975 [3]. - The par value per share remains unchanged at $0.0001, and no fractional shares will be issued; instead, stockholders entitled to a fractional share will receive a cash payment [3]. Group 2: Strategic Importance - The reverse stock split is intended to strengthen the company's credibility with institutional investors and provide ongoing liquidity for shareholders, aligning with its long-term strategy for funding and advancing its lithium refining project [2][4]. - This action is not indicative of the company's fundamentals but is a strategic measure to ensure broader access to long-only institutional investors [4]. Group 3: Future Milestones - Stardust Power anticipates several key milestones, including the completion of Front-End Loading (FEL) 3 engineering work, advancement in permitting, securing project financing for the Phase 1 capital expenditure, and commencing heavy construction on the lithium processing facility in Muskogee, Oklahoma [5]. - Each of these milestones represents operational progress and potential value inflection points for shareholders, reinforcing the company's mission to establish a secure domestic supply of battery-grade lithium in North America [5]. Group 4: Company Overview - Stardust Power is focused on developing battery-grade lithium products to enhance America's energy leadership and is building a lithium processing facility in Muskogee, Oklahoma, with an anticipated capacity of producing up to 50,000 metric tons per annum [7].