SU Group Holdings Ltd (SUGP) Form 6-K — Aug 3, 2026
SU Group Holdings received a determination letter from Nasdaq staff stating that its Class A ordinary shares will be delisted from the Nasdaq Capital Market due to a closing bid price below $1.00 for 30 consecutive business days. The company intends to request a hearing before a Nasdaq Hearings Panel, which will stay the suspension of trading and the Form 25 filing pending the panel's decision. To regain compliance, the board of directors approved a further share consolidation at a ratio of 1-for-5, expected to become effective on or about August 6, 2026.
Key figures
- Reverse split ratio
- 1-for-5
- Deficiency period days
- 30
- New split effective date
- August 6, 2026
- Previous reverse split date
- August 25, 2025
- Previous reverse split ratio
- 1-for-10
- Minimum bid price requirement
- $1.00
AI analysis
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