Mint Incorporation Limited (Nasdaq: MIMI) received a deficiency notice from Nasdaq’s Listing Qualifications Department on December 19, 2025, indicating that its Class A ordinary shares had failed to meet the exchange’s minimum bid price requirement for 30 consecutive business days between November 6 and December 18, 2025. The notice gives the company 180 calendar days, until June 17, 2026, to restore compliance by maintaining a bid price of at least $1.00 for ten consecutive business days.
Under Nasdaq’s listing rules, a company that falls below the $1.00 threshold for 30 consecutive business days is required to take corrective action or face potential delisting. The exchange allows an additional 180‑day grace period if the company meets other listing standards, but the company must still demonstrate sustained compliance. A common remedy is a reverse stock split, which consolidates shares to raise the per‑share price; however, recent Nasdaq guidance imposes stricter conditions on reverse splits for companies that have repeatedly fallen out of compliance.
Mint Incorporation Limited is a Hong Kong‑based technology firm that provides interior design and fit‑out services and is expanding into smart facility management solutions that leverage robotics, the Internet of Things, and artificial intelligence. The company’s business model blends traditional construction services with emerging technology platforms, positioning it to capture growth in the smart building market.
Management has stated that the bid‑price deficiency does not affect day‑to‑day operations and that the company will monitor the situation closely. While the notice may influence investor perception and trading liquidity, the company’s core business activities remain unchanged. The company also disclosed voluntary lock‑up agreements with key shareholders, including its chairman and CEO, covering a significant portion of its shares.
The company’s shares have been trading below the $1.00 threshold for an extended period, with daily fluctuations that reflect market volatility. The Nasdaq deficiency notice underscores the importance of maintaining compliance with listing standards and highlights the potential risks to market access and investor confidence if the company fails to regain the required bid price.
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