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Wellchange Holdings Company Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswireยท 2025-10-30 11:00
Core Points - Wellchange Holdings Company has been granted an additional 180-calendar-day compliance period by Nasdaq to regain compliance with the minimum bid price requirement, extending the deadline to April 27, 2026 [1][3] - The company was previously notified on April 30, 2025, that it did not meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days, with the initial compliance period ending on October 27, 2025 [2][4] - To regain compliance, Wellchange's Class A ordinary shares must maintain a closing bid price of at least $1.00 for a minimum of ten consecutive business days during the new compliance period [4] Company Overview - Wellchange Holdings Company Limited is an enterprise software solution services provider based in Hong Kong, operating through its subsidiary Wching Tech Ltd Co [5] - The company specializes in customized software solutions, cloud-based SaaS platforms, and white-label software design and development services [5] - Wellchange aims to empower small and medium businesses to accelerate digital transformation, optimize productivity, and improve customer experiences with its integrated ERP software solutions [5]