Creative Global Technology Holdings Limited (CGTL) announced on September 12, 2025, that it received a notification letter from the Nasdaq Stock Market LLC. The letter, dated September 10, 2025, informed the company of its non-compliance with Nasdaq Listing Rule 5550(a)(2) regarding the minimum bid price requirement.
The deficiency arose because the closing bid price of CGTL's Class A ordinary shares traded below $1.00 per share for 30 consecutive business days, specifically from July 28, 2025, to September 9, 2025. This notification does not result in an immediate delisting of the company's shares, which will continue to trade on Nasdaq under the ticker “CGTL”.
CGTL has been granted a compliance period of 180 calendar days, extending until March 9, 2026, to regain compliance. To do so, the company's closing bid price must be at least $1.00 for a minimum of 10 consecutive business days. Failure to regain compliance by this date could lead to eligibility for an additional grace period, potentially requiring a reverse stock split to cure the deficiency.
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