Workflow
Office Solutions
icon
Search documents
Eshallgo Inc. Announced Receipt of Notice from Nasdaq regarding Listing Rule 5550(a)(2).
Globenewswireยท 2025-07-25 21:00
Core Viewpoint - Eshallgo, Inc. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for its class A ordinary shares, which has been below US$1.00 for the last 30 consecutive business days [1][2]. Compliance Period - The company has a compliance period of 180 calendar days, until January 19, 2026, to regain compliance with Nasdaq Listing Rules [2]. - If the closing bid price reaches US$1.00 or higher for at least ten consecutive business days during this period, Nasdaq will confirm compliance [2]. - Should the company fail to regain compliance by the deadline, it may be eligible for an additional 180-day compliance period if it meets other listing requirements [2]. Business Operations - The Nasdaq notification does not impact the company's business operations, and Eshallgo intends to take reasonable measures to regain compliance within the grace period [3]. Company Overview - Eshallgo, Inc. is a digital-first office solution provider based in Shenzhen, China, offering enterprise-grade hardware, printing services, software subscriptions, and technical support to small and medium-sized businesses [4][6]. - The company utilizes data analytics and automation to provide cost-efficient and scalable solutions that help businesses digitize and streamline their back-office operations [4][6].