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HONG KONG - Creative Global Technology Holdings Limited (NASDAQ:CGTL), a Hong Kong-based recycled consumer electronics reseller with a market capitalization of $14.89 million, announced Friday it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The stock, currently trading at $0.65, has declined over 91% year-to-date according to InvestingPro data.
The notification, received on September 10, indicates that CGTL’s Class A ordinary shares traded below $1.00 for 30 consecutive business days from July 28 to September 9, 2025, failing to meet Nasdaq Listing Rule 5550(a)(2). InvestingPro analysis shows the stock trades at a P/E ratio of 4.2, suggesting a relatively low earnings multiple despite recent price challenges.
The company’s shares will continue trading uninterrupted on Nasdaq while CGTL works to address the deficiency. Under Nasdaq rules, the company has until March 9, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
If CGTL fails to meet this requirement by the deadline, it may be eligible for additional time provided it meets other Nasdaq Capital Market listing standards. The company would need to submit written notice of its intention to cure the deficiency, potentially through measures such as a reverse stock split.
Creative Global Technology Holdings specializes in sourcing and reselling recycled consumer electronic devices, operating within a circular economy business model.
This article is based on information provided in a company press release issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of deficiency notifications.
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