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INNEOVA HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION LETTER REGARDING MINIMUM PRICE DEFICIENCY
Globenewswire· 2025-12-11 22:16
Core Points - INNEOVA Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share based on its closing bid price from October 24, 2025, to December 5, 2025 [1][2] - The company has a compliance period of 180 days, until June 8, 2026, to regain compliance with Nasdaq's continued 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 notification does not result in immediate delisting, and the company's shares will continue to trade under the symbol "INNEOVA" [3] Company Overview - INNEOVA Holdings Limited is a Singapore-based provider of high-quality Original Equipment Manufacturer (OEM) and aftermarket replacement parts for motor vehicles and non-vehicle combustion engines [4] - The company operates through various divisions, including the Automotive Division, which offers a range of genuine OEM and aftermarket parts for passenger vehicles, trucks, and buses [5] - The Industrial Division caters to industries such as construction, marine, power generation, mining, and transportation, providing specialized spare parts [5] - The Engineering Division focuses on system lifecycle analysis and engineering services for infrastructure and mobility platforms, aiming to deliver innovative and sustainable solutions [6]