Delixy Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement
Delixy Holdings received a Nasdaq compliance letter confirming it has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2), closing the matter. The company was noncompliant after its Class A shares closed below $1.00 for 30 consecutive business days through April 22, 2026, and regained compliance via a 1-for-5 reverse split effective September 28, 2026.
Key figures
- Compliant days
- 10 consecutive business days (Sep 29 - Oct 12, 2026)
- Compliance deadline
- October 20, 2026
- Reverse split ratio
- 1-for-5
- Noncompliance window
- March 11 - April 22, 2026
AI analysis
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