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Raytech Holding Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswireยท 2025-10-22 22:00
Core Points - Raytech Holding Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for continued listing [1][2] - The company has been granted a compliance period of 180 calendar days, until April 13, 2026, to regain compliance with Nasdaq's listing requirements [2] - If compliance is not achieved within this period, the company may be eligible for an additional 180 days under certain conditions, including the possibility of a reverse stock split [2][3] - The company is actively evaluating options to regain compliance and intends to make reasonable efforts to meet Nasdaq's requirements [3] Company Overview - Raytech Holding Limited is based in Hong Kong and specializes in the design, sourcing, and wholesale of personal care electrical appliances for international brand owners [4] - The company has over 10 years of experience in the personal care electrical appliance industry, offering a diverse range of products including hair styling tools, trimmers, eyelash curlers, and other body and facial care appliances [4]