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PTL Limited Announces Receipt of Notice from Nasdaq Regarding Listing Rule 5550(b)(2) and 5550(a)(2)
Globenewswire· 2025-07-24 20:30
Core Points - PTL Limited has received a notice from Nasdaq indicating non-compliance with the minimum market value of listing securities (MVLS) requirement of US$35 million for its Class A Ordinary Shares [1][2] - The company has until January 14, 2026, to regain compliance by maintaining an MVLS of US$35 million or more for at least ten consecutive business days [1][4] - Additionally, the company has been notified that its Class A Ordinary Shares have been trading below the minimum bid price of US$1.00 per share for the last 30 consecutive business days [3][4] - The company is provided with a 180-day compliance period to address both the MVLS and minimum bid price deficiencies [4][5] - The company intends to monitor its market value and take necessary measures to regain compliance within the grace period [2][5] Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [6] - The company targets the Asia Pacific market and leverages its established network and partnerships within the marine fuel logistics industry to offer a one-stop solution for vessel refueling [6]
Rocky Mountain Chocolate Factory Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-06-25 20:05
Company Compliance - Rocky Mountain Chocolate Factory, Inc. has regained compliance with Nasdaq Listing Rule 5250(c)(1) after filing its Annual Report on Form 10-K for the fiscal year ended February 28, 2025 [1] - The company received a notice from Nasdaq on June 17, 2025, indicating non-compliance due to the delayed filing of its Form 10-K [2] - The Form 10-K was filed on June 20, 2025, and compliance was confirmed by Nasdaq on June 23, 2025 [2] Company Overview - Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of premium chocolate and confectionary retail stores, producing a wide range of products since 1981 [3] - The company operates nearly 260 stores across the United States and has several international locations [3] - It is recognized in Entrepreneur's Franchise 500 for 2025 and Franchise Times' Franchise 400 for 2024 [3]
Semilux Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 20-F
Globenewswire· 2025-06-02 23:30
Core Viewpoint - Semilux International Ltd. has received a delinquency notification from Nasdaq due to its failure to timely file its annual report for the year ended December 31, 2024, which may affect its compliance status with Nasdaq Listing Rule 5250(c)(1) [1][2][3] Group 1: Compliance and Reporting - The Company has 60 calendar days from the receipt of the Deficiency Letter to submit a plan to regain compliance with the Listing Rule [2] - Nasdaq may grant an extension of up to 180 calendar days from the due date of the Annual Report, potentially until November 11, 2025, for the Company to regain compliance [2] - The delay in filing the Annual Report is primarily due to the need for additional time to finalize financial statements and prepare the report [3] Group 2: Impact on Listing - The Deficiency Letter does not have an immediate impact on the listing of the Company's ordinary shares on the Nasdaq Capital Market [4] - The announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of deficiency notifications [4] Group 3: Company Overview - Semilux is based in the Cayman Islands and operates through its subsidiaries, including Taiwan Color Optics, Inc., which specializes in optical and 3D sensing technology [5] - The Company focuses on the customization, design, and supply of optical components for various industries, including autonomous driving and intelligent lighting [5] - TCO's products are used in applications such as automotive laser headlight systems and light detection and autonomous driving systems (LiDAR) [5]
Multi Ways Holdings Receives Notification of Deficiency from NYSE Related to Delayed Filing of Annual Report on Form 20-F
GlobeNewswire News Room· 2025-05-23 12:00
Core Viewpoint - Multi Ways Holdings Limited has received a Filing Deficiency Notification from NYSE Regulation due to the late filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which puts the company at risk of non-compliance with NYSE American listing standards [1][2]. Group 1: Filing Delinquency Details - The company was notified on May 16, 2025, regarding its failure to file the 2024 Form 20-F in a timely manner, which is considered a Filing Delinquency [1]. - The delay in filing is attributed to the additional time needed to finalize financial disclosures, and the company aims to file the report by May 30, 2025 [2][6]. - The company is in regular communication with its legal counsel and independent auditors to expedite the filing process [2]. Group 2: Compliance and Monitoring - NYSE Regulation will monitor the company for a six-month Initial Cure Period to assess the status of the 2024 Form 20-F [3]. - If the company fails to cure the Filing Delinquency within this period, it may be granted an Additional Cure Period of up to six months, depending on specific circumstances [3]. - If the company does not file the required report by the end of the Additional Cure Period, suspension and delisting procedures will commence [3]. Group 3: Current Listing Status - The Filing Deficiency Notification does not have an immediate effect on the trading of the company's ordinary shares on NYSE American, which will continue while the company works to regain compliance [6]. - The company has been placed on the list of noncompliant issuers and has received a ".LF" indicator on its ticker symbol to inform investors of its late filing status [5]. Group 4: Company Overview - Multi Ways Holdings Limited is a supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience in the industry [7]. - The company serves customers from various countries, including Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a one-stop shop for heavy construction equipment [7].