Business
THE GROWHUB LIMITED Announces Receipt of Nasdaq Notification Letter Regarding Stockholders' Equity Deficiency
THE GROWHUB LIMITED (NASDAQ: TGHL) ("GrowHub" or the "Company"), a Singapore-based company leveraging blockchain technology to enhance product traceability and authenticity, announced that it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") dated May 26, 2026, notifying the Company that, based on the reported stockholders' equity of $2,299,129 of the Company as reported in its Form 20-F for the period ended December 31, 2025, filed with the Securities and Exchange Commi
About this update from The Growhub Limited
[{"type":"text","content":"SINGAPORE, May 29, 2026 /PRNewswire/ -- THE GROWHUB LIMITED (NASDAQ: TGHL) ("GrowHub" or the "Company"), a Singapore-based company leveraging blockchain technology to enhance product traceability and authenticity, announced that it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") dated May 26, 2026, notifying the Company that, based on the reported stockholders' equity of $2,299,129 of the Company as reported in its Form 20-F for the period ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on May 15, 2026, it was no longer in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires listed companies to maintain stockholders' equity of at least $2,500,000.","length":873,"tagName":"p"},{"type":"text","content":"The Nasdaq notification does not affect the listing of the Company's securities at this time. The notification provides the Company has until July 10, 2026, or 45 calendar days from the date of the notification, to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1). The Company intends to regain compliance within the applicable compliance period and is currently working on a plan.","length":417,"tagName":"p"},{"type":"text","content":"If the plan is approved, Nasdaq can grant an extension of up to 180 calendar days from the date of the notification letter to evidence compliance.","length":146,"tagName":"p"},{"type":"text","content":"About THE GROWHUB LIMITED","length":25,"tagName":"p"},{"type":"text","content":"The GrowHub Limited is a Singapore-based company specializing in enhancing product traceability and authenticity within supply chains through its proprietary blockchain technology platform. GrowHub offers solutions such as blockchain traceability, anti-counterfeit measures, and carbon management to promote transparency and sustainability. GrowHub's business comprises three main divisions: the GrowHub Platform, a revolutionary traceability blockchain technology solution, product trading facilitation offering, and IT professional services. For more information, visit https://thegrowhub.co/.","length":599,"tagName":"p"},{"type":"text","content":"Cautionary Note Regarding Forwa...