SU Group Received Nasdaq Notification Regarding Minimum Bid Price Compliance
SU Group Holdings (SUGP) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's shares have traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
The notification does not immediately affect SUGP's listing status, and trading will continue uninterrupted. The company has been granted a 180-day compliance period until September 16, 2025, during which it must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days to regain compliance.
To address this issue, SUGP is monitoring its share price and considering various options, including a potential reverse stock split.
SU Group Holdings (SUGP) ha ricevuto una notifica da Nasdaq riguardante la non conformità con il requisito del prezzo minimo di offerta. Le azioni della società sono state scambiate a meno di $1,00 per 30 giorni lavorativi consecutivi, violando la Regola di Quotazione Nasdaq 5550(a)(2).
La notifica non influisce immediatamente sullo stato di quotazione di SUGP e il trading continuerà senza interruzioni. La società ha ricevuto un periodo di conformità di 180 giorni fino al 16 settembre 2025, durante il quale deve raggiungere un prezzo di chiusura di offerta di almeno $1,00 per un minimo di 10 giorni lavorativi consecutivi per ripristinare la conformità.
Per affrontare questa questione, SUGP sta monitorando il prezzo delle sue azioni e considerando varie opzioni, inclusa una potenziale divisione azionaria inversa.
SU Group Holdings (SUGP) ha recibido una notificación de Nasdaq sobre el incumplimiento del requisito de precio mínimo de oferta. Las acciones de la empresa se han negociado por debajo de $1.00 durante 30 días hábiles consecutivos, violando la Regla de Cotización Nasdaq 5550(a)(2).
La notificación no afecta inmediatamente el estado de cotización de SUGP, y la negociación continuará sin interrupciones. A la empresa se le ha concedido un período de cumplimiento de 180 días hasta el 16 de septiembre de 2025, durante el cual debe alcanzar un precio de oferta de cierre de al menos $1.00 durante un mínimo de 10 días hábiles consecutivos para recuperar el cumplimiento.
Para abordar este problema, SUGP está monitoreando el precio de sus acciones y considerando varias opciones, incluida una posible división de acciones inversa.
SU Group Holdings (SUGP)는 Nasdaq으로부터 최소 입찰 가격 요건 미준수에 대한 통지를 받았습니다. 회사의 주가는 연속 30영업일 동안 $1.00 이하로 거래되어 Nasdaq 상장 규칙 5550(a)(2)를 위반했습니다.
이 통지는 SUGP의 상장 상태에 즉각적인 영향을 미치지 않으며, 거래는 중단 없이 계속됩니다. 회사는 2025년 9월 16일까지 180일의 준수 기간을 부여받았으며, 이 기간 동안 최소 10영업일 연속으로 $1.00 이상의 종가를 달성해야 준수를 회복할 수 있습니다.
이 문제를 해결하기 위해 SUGP는 주가를 모니터링하고 있으며, 잠재적인 역주식 분할을 포함한 다양한 옵션을 고려하고 있습니다.
SU Group Holdings (SUGP) a reçu une notification de Nasdaq concernant le non-respect de l'exigence de prix d'offre minimum. Les actions de la société ont été échangées en dessous de 1,00 $ pendant 30 jours ouvrables consécutifs, violant la règle de cotation Nasdaq 5550(a)(2).
La notification n'affecte pas immédiatement le statut de cotation de SUGP, et le trading se poursuivra sans interruption. La société a reçu une période de conformité de 180 jours jusqu'au 16 septembre 2025, au cours de laquelle elle doit atteindre un prix d'offre de clôture d'au moins 1,00 $ pendant un minimum de 10 jours ouvrables consécutifs pour retrouver sa conformité.
Pour résoudre ce problème, SUGP surveille le prix de ses actions et envisage diverses options, y compris une éventuelle division d'actions inversée.
SU Group Holdings (SUGP) hat eine Mitteilung von Nasdaq über die Nichteinhaltung der Mindestgebotsanforderung erhalten. Die Aktien des Unternehmens wurden 30 aufeinanderfolgende Geschäftstage lang unter $1,00 gehandelt, was gegen die Nasdaq-Listing-Regel 5550(a)(2) verstößt.
Die Mitteilung hat keinen sofortigen Einfluss auf den Status der SUGP-Notierung, und der Handel wird ununterbrochen fortgesetzt. Das Unternehmen hat einen 180-tägigen Compliance-Zeitraum bis zum 16. September 2025 erhalten, in dem es einen Schlusskurs von mindestens $1,00 für mindestens 10 aufeinanderfolgende Geschäftstage erreichen muss, um die Compliance wiederherzustellen.
Um dieses Problem anzugehen, überwacht SUGP den Aktienkurs und prüft verschiedene Optionen, einschließlich einer möglichen Umkehraktienaufteilung.
- 180-day grace period granted to regain compliance
- Trading continues uninterrupted on Nasdaq
- Stock trading below $1.00 for 30 consecutive business days
- Risk of potential delisting if compliance is not achieved by September 16, 2025
- Possible reverse stock split may be implemented, which could affect share structure
Insights
The Nasdaq notification received by SU Group represents a common but important compliance challenge. Companies listed on Nasdaq must maintain a share price above
What's critical to understand is that there's no immediate impact on the company's listing status. SU Group has a substantial compliance window of 180 days (until September 16, 2025) to regain compliance, which requires maintaining a closing bid price of at least
Should natural trading patterns not resolve this issue, SU Group has clearly indicated it may implement a reverse stock split - a purely mechanical solution that reduces share count while proportionally increasing share price. For example, a 2:1 reverse split would immediately double the share price to approximately
This notification is procedural rather than indicative of operational issues. With a relatively small market cap of
The lack of immediate consequences, multiple paths to resolution, and the company's proactive disclosure all suggest this is a manageable regulatory matter rather than a fundamental business concern.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until September 16, 2025 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's ordinary shares is at least
The Company intends to monitor the closing bid price of its ordinary shares and will, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse stock split of its ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About SU Group Holdings Limited
SU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in
Forward-Looking Statements
Certain statements in this press release are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to renew contracts with recurring customers; the Company's ability to secure new contracts; the Company's ability to accurately estimate risks and costs and perform contracts based on the Company's estimates; the Company's relationship with the Company's suppliers and ability to manage quality issues of the systems; the Company's ability to obtain or renew the Company's registrations, licenses, and certificates; the Company's ability to manage the Company's subcontractors; the labor costs and the general condition of the labor market; the Company's ability to compete effectively; the Company's ability to successfully manage the Company's capacity expansion and allocation in response to changing industry and market conditions; implementation of the Company's expansion plans and the Company's ability to obtain capital resources for planned growth; the Company's ability to acquire sufficient products and obtain equipment and services from the Company's suppliers in suitable quantity and quality; the Company's dependence on key personnel; the Company's ability to expand into new businesses, industries, or internationally and to undertake mergers, acquisitions, investments, or divestments; changes in technology and competing products; general economic and political conditions, including those related to the security-related engineering services industry; possible disruptions in commercial activities caused by events such as natural disasters, terrorist activities, political, economic, and social instability, and fluctuations in foreign currency exchange rates, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. 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.
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SOURCE SU Group Holdings Limited