HONG KONG, Dec. 09, 2025 (GLOBE NEWSWIRE) -- 707 Cayman Holdings Limited (“707” or the “Company”) (NASDAQ: JEM) will hold an Extraordinary General Meeting of Shareholders (the “EGM”) at 5/F., AIA Financial Centre, 712 Prince Edward Road East, San Po Kong, Kowloon, Hong Kong at 10 a.m. (Hong Kong Time) on December 19, 2025 (which is 9 p.m. U.S. Eastern Time on December 18, 2025). Holders of the Company’s ordinary shares listed in the register of members of the Company at the close of business on December 8, ...

Core Points - 707 Cayman Holdings Limited has received a notification from Nasdaq indicating it no longer meets the minimum bid price requirement of $1 per share based on its closing bid price from September 3, 2025, to October 16, 2025 [1][2] - The company has a compliance period of 180 days, until April 15, 2026, to regain compliance with Nasdaq's continued listing requirements [2] - If the company fails to regain compliance, it may be eligible for an additional 180 days under certain conditions, including the possibility of a reverse stock split [2][3] - The notification does not result in immediate delisting, and the company's shares will continue to trade under the symbol "JEM" [3] Company Overview - 707 Cayman Holdings Limited is based in Hong Kong and specializes in selling quality apparel products and providing supply chain management solutions [4] - The company's customer base includes mid-size brand owners and apparel companies operating with private labels sold globally, spanning regions such as Western Europe, North America, and the Middle East [4]

Company Overview - 707 Cayman Holdings Limited is a Hong Kong-based company that specializes in selling quality apparel products and providing comprehensive supply chain management solutions to customers across Western Europe, North America, and the Middle East [5]. Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,500,000 ordinary shares at a public offering price of $4.00 per share, aiming for total gross proceeds of $10.0 million before deducting underwriting discounts and offering expenses [1]. - The offering consists of 1,750,000 shares from the company and 750,000 shares from a selling shareholder, with the company not receiving any proceeds from the shares sold by the selling shareholder [1]. Trading and Underwriting Information - The shares are scheduled to begin trading on the Nasdaq Capital Market under the ticker symbol "JEM" on June 9, 2025, with the offering expected to close on or about June 10, 2025, subject to customary closing conditions [2]. - Bancroft Capital, LLC is acting as the sole underwriter for the offering, while Troy Gould PC and Sichenzia Ross Ference Carmel LLP are serving as U.S. legal counsel for the company and the underwriter, respectively [2]. Regulatory Compliance - The offering is being conducted under the company's registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission and declared effective on June 9, 2025 [3]. - The securities are being offered only by means of a prospectus, with electronic copies available on the SEC's website [3].