Core Viewpoint - Intercont (Cayman) Limited is currently not in compliance with Nasdaq's minimum bid price requirement, as its ordinary shares traded below $1.00 for 30 consecutive business days [1][2]. Compliance Status - The company received a Notification Letter from Nasdaq on December 15, 2025, indicating the non-compliance issue [1]. - The Notification Letter does not affect the trading of the company's ordinary shares, which will continue to trade on Nasdaq under the ticker "NCT" [2]. Compliance Period - The company has a compliance period of 180 calendar days, until June 15, 2026, to regain compliance with the minimum bid price requirement [3]. - If the closing bid price reaches at least $1.00 for a minimum of 10 consecutive business days during this period, Nasdaq will confirm compliance [3]. Potential for Extension - If the company fails to regain compliance by June 15, 2026, it may be eligible for an additional grace period, provided it meets other listing requirements [4]. - The company may need to consider actions such as a reverse stock split to address the deficiency [4]. Company Overview - Intercont (Cayman) Limited is a global shipping enterprise focused on environmentally friendly transportation solutions and innovative business models [5].