Samfine Creation Holdings Group Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Samfine Creation Holdings Group (SFHG) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock failed to maintain the required $1 per share minimum bid price between February 6, 2025, and March 20, 2025.
Nasdaq has granted SFHG an initial 180-day compliance period until September 22, 2025 to regain compliance. If unsuccessful, the company may be eligible for an additional 180-day period, provided it meets other listing requirements and demonstrates intention to cure the deficiency, possibly through a reverse stock split.
The company is currently evaluating options to regain compliance but acknowledges there is no guarantee of success. Failure to meet compliance could result in delisting from Nasdaq.
Samfine Creation Holdings Group (SFHG) ha ricevuto una notifica da Nasdaq riguardo alla non conformità con il requisito del prezzo minimo di offerta. Il titolo della società non è riuscito a mantenere il prezzo minimo richiesto di $1 per azione tra il 6 febbraio 2025 e il 20 marzo 2025.
Nasdaq ha concesso a SFHG un periodo iniziale di conformità di 180 giorni fino al 22 settembre 2025 per ripristinare la conformità. Se non avrà successo, la società potrebbe essere idonea a un ulteriore periodo di 180 giorni, a condizione che soddisfi altri requisiti di quotazione e dimostri l'intenzione di risolvere la carenza, possibilmente attraverso uno split azionario inverso.
La società sta attualmente valutando opzioni per ripristinare la conformità, ma riconosce che non c'è alcuna garanzia di successo. Il mancato rispetto della conformità potrebbe comportare la rimozione dalla quotazione su Nasdaq.
Samfine Creation Holdings Group (SFHG) ha recibido una notificación de Nasdaq sobre el incumplimiento del requisito del precio mínimo de oferta. Las acciones de la compañía no lograron mantener el precio mínimo requerido de $1 por acción entre el 6 de febrero de 2025 y el 20 de marzo de 2025.
Nasdaq ha otorgado a SFHG un período inicial de cumplimiento de 180 días hasta el 22 de septiembre de 2025 para recuperar la conformidad. Si no tiene éxito, la compañía podría ser elegible para un período adicional de 180 días, siempre que cumpla con otros requisitos de cotización y demuestre la intención de corregir la deficiencia, posiblemente a través de un split inverso de acciones.
La compañía está evaluando actualmente opciones para recuperar la conformidad, pero reconoce que no hay garantía de éxito. El incumplimiento podría resultar en la exclusión de Nasdaq.
Samfine Creation Holdings Group (SFHG)는 Nasdaq으로부터 최소 입찰 가격 요건 불이행에 대한 통지를 받았습니다. 회사의 주가는 2025년 2월 6일부터 2025년 3월 20일 사이에 요구되는 주당 $1의 최소 입찰 가격을 유지하지 못했습니다.
Nasdaq은 SFHG에 2025년 9월 22일까지 180일의 초기 준수 기간을 부여하여 준수를 회복할 수 있도록 했습니다. 성공하지 못할 경우, 회사는 다른 상장 요건을 충족하고 결함을 수정하려는 의도를 보여줄 경우 추가 180일 기간을 받을 수 있습니다. 이는 주식 분할을 통해 이루어질 수 있습니다.
회사는 현재 준수를 회복하기 위한 옵션을 평가하고 있지만, 성공을 보장할 수는 없음을 인정하고 있습니다. 준수를 충족하지 못할 경우 Nasdaq에서 상장 폐지될 수 있습니다.
Samfine Creation Holdings Group (SFHG) a reçu une notification de Nasdaq concernant le non-respect de l'exigence du prix d'offre minimum. L'action de la société n'a pas réussi à maintenir le prix d'offre minimum requis de 1 $ par action entre le 6 février 2025 et le 20 mars 2025.
Nasdaq a accordé à SFHG une période initiale de conformité de 180 jours jusqu'au 22 septembre 2025 pour retrouver sa conformité. En cas d'échec, la société pourrait être éligible à une période supplémentaire de 180 jours, à condition qu'elle réponde à d'autres exigences de cotation et démontre son intention de remédier au défaut, possiblement par le biais d'un regroupement d'actions.
La société évalue actuellement ses options pour retrouver la conformité, mais reconnaît qu'il n'y a aucune garantie de succès. Le non-respect des exigences pourrait entraîner une radiation de Nasdaq.
Samfine Creation Holdings Group (SFHG) hat eine Benachrichtigung von Nasdaq über die Nichteinhaltung der Mindestgebotsanforderung erhalten. Die Aktien des Unternehmens konnten den erforderlichen Mindestgebotspreis von 1 $ pro Aktie zwischen dem 6. Februar 2025 und dem 20. März 2025 nicht aufrechterhalten.
Nasdaq hat SFHG eine 180-tägige Frist zur Einhaltung bis zum 22. September 2025 gewährt, um die Einhaltung wiederherzustellen. Bei Nichterfolg könnte das Unternehmen für einen weiteren Zeitraum von 180 Tagen in Frage kommen, sofern es andere Listing-Anforderungen erfüllt und die Absicht zeigt, den Mangel zu beheben, möglicherweise durch einen Reverse-Split der Aktien.
Das Unternehmen prüft derzeit Optionen zur Wiederherstellung der Einhaltung, erkennt jedoch an, dass es keine Erfolgsgarantie gibt. Ein Versäumnis, die Einhaltung zu erreichen, könnte zu einer Delistung von Nasdaq führen.
- Granted 180-day compliance period to address listing deficiency
- Potentially eligible for additional 180-day extension if needed
- Stock price fell below $1, triggering Nasdaq minimum bid price deficiency notice
- Risk of potential delisting from Nasdaq if compliance is not achieved
- May need to implement reverse stock split, which could affect share structure
Insights
Samfine Creation's Nasdaq minimum bid price deficiency notice represents a significant regulatory challenge with material implications for investors. Trading at $0.8701, well below the required $1.00 threshold, the company faces a critical compliance deadline of September 22, 2025.
For this micro-cap company with just
Deficiency notices create problematic cycles for small companies - institutional investors frequently reduce positions in stocks under delisting review due to mandate restrictions, further pressuring share prices and making natural compliance more difficult. Should Samfine fail to regain compliance within the initial or extended period, demotion to OTC markets would substantially reduce trading liquidity, eliminate margin eligibility, and remove the stock from many platforms and indexes.
The sustained low share price that triggered this notice suggests possible underlying business challenges beyond what's disclosed in the announcement. Healthy growing companies rarely trade below $1 consistently, making this regulatory issue a potential symptom of deeper operational concerns.
HONG KONG, March 26, 2025 (GLOBE NEWSWIRE) -- Samfine Creation Holdings Group Limited (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on the closing bid price of the Company for the period from February 6, 2025 to March 20, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of
Nasdaq has provided the Company with an 180 calendar days compliance period, or until September 22, 2025, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.
The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections bout future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
For investor and media inquiries, please contact:
Samfine Creation Holdings Group Limited
Investor Relations Department
Email: info@sfhgus.com
FAQ
What is the deadline for SFHG to meet Nasdaq's minimum bid price requirement?
What happens if SFHG fails to meet the minimum bid price requirement by September 2025?
What options does SFHG have to regain Nasdaq compliance?
What is the minimum bid price requirement that SFHG failed to maintain?
