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SU Group Received Nasdaq Notification Regarding Minimum Bid Price Compliance
SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This pres
About this update from Su Group Holdings Limited
[{"type":"text","content":"HONG KONG, March 27, 2025 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker "SUGP."","length":897,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/SU Group Holdings Limited)","displaySize":"","headline":null,"caption":"(PRNewsfoto/SU Group Holdings Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":283,"url":"https://media.zenfs.com/en/prnewswire.com/b7e7fcd0bfaa94ad94174fa713ae25db"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LwBn9en0Z_Bx5mCZAoHhNg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ5OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b7e7fcd0bfaa94ad94174fa713ae25db","width":400,"height":283}},"href":"https://mma.prnewswire.com/media/2327750/logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. If the Company does not regain compliance with the minimum bid price requirement within the Compliance Period, the Company may be eligible for additional time, assume the absence of other deficiencies.","length":720,"tagName":"p"},{"type":"text","...