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Wellchange Holdings Company Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Hong Kong, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Wellchange Holdings Company (NASDAQ: WCT) ("Wellchange" or the "Company"), today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until April 27, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed, on April 30, 2025
About this update from Wellchange Holdings Company Limited
[{"type":"text","content":"Hong Kong, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Wellchange Holdings Company (NASDAQ: WCT) ("Wellchange" or the "Company"), today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until April 27, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).","length":477,"tagName":"p"},{"type":"text","content":"As previously disclosed, on April 30, 2025, Nasdaq notified the Company that its listed securities did not meet the minimum bid price requirement of $1.00 per share over the preceding 30 consecutive business days. The initial 180-day compliance period expired on October 27, 2025.","length":280,"tagName":"p"},{"type":"text","content":"The additional compliance period is granted based on the Company's compliance of all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement, and providing written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.","length":349,"tagName":"p"},{"type":"text","content":"To regain compliance, the Company’s Class A ordinary shares (previously designated as ordinary shares prior to August 7, 2025) must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the compliance period. If the Company does not regain compliance by April 30, 2026, Nasdaq will provide written notification that the Company’s securities are subject to delisting. At that time, the Company would have the right to appeal the determination to a Nasdaq Hearings Panel.","length":526,"tagName":"p"},{"type":"text","content":"This notification from Nasdaq has no immediate effect on the listing or trading of the Company’s Class A ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol “WCT.”","length":203,"tagName":"p"},{"type":"text","content":"About Wellchange Holdings Company Limited","length":41,"tagName":"p"},{"type":"text","content":"Wellchange Holdings Company Limited is an enterprise software solution services provider headquartered in Hong Kong. The Company conducts all operations in Hon...