Core Points - Fitness Champs Holdings Limited ("FCHL") has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share [1][2] - The company has a compliance period of 180 days, until May 5, 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 [2] - The notification does not result in immediate delisting, and shares will continue to trade under the symbol "FCHL" [3] - The company is actively evaluating options to regain compliance and intends to meet Nasdaq's requirements [3] Company Overview - Fitness Champs Holdings Limited is a prominent aquatic sports education provider in Singapore, offering swimming lessons and aquatic sports classes [4] - The company is one of the largest providers of swimming lessons to children in public schools through the SwimSafer program [4] - Fitness Champs aims to expand its offerings to include other sports, such as pickleball, to diversify its sports education services [4]

Core Viewpoint - Fitness Champs Holdings Limited has successfully completed its initial public offering, raising a total of US$8.0 million, which will be utilized for various strategic initiatives to enhance its operations and market presence [1][2]. Group 1: Offering Details - The initial public offering consisted of 3,750,000 ordinary shares priced at US$4.00 each, with 2,000,000 shares offered by the Company and 1,750,000 by selling shareholders [1]. - The shares began trading on the Nasdaq Capital Market under the ticker symbol "FCHL" on September 4, 2025 [1]. - The offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the lead managing underwriter [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to strengthen the coaching team through hiring and training [2]. - Funds will also be directed towards marketing and branding efforts, business development for vertical expansion in aquatic sports, and potential strategic acquisitions [2]. - Additional uses include repayment of loans from the controlling shareholder related to the offering costs and general working capital [2]. Group 3: Company Overview - Fitness Champs Holdings Limited is a prominent provider of aquatic sports education in Singapore, offering swimming lessons and aquatic sports classes [6]. - The Company is recognized as one of the largest providers of swimming lessons to children in public schools through the SwimSafer program [6]. - Future plans include diversifying into other sports education offerings, such as pickleball, to enhance its service portfolio [6].