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HONG KONG - Garden Stage Limited (NASDAQ:GSIW), a micro-cap financial services provider currently valued at $6.88 million, has received a notification from Nasdaq that it is not in compliance with the exchange’s minimum bid price requirement, according to a company press release issued Friday. According to InvestingPro data, the stock currently trades at $0.10, down 85.5% year-to-date.
The Hong Kong-based financial services provider’s shares have traded below the required $1.00 threshold for 30 consecutive business days, triggering the delinquency notice from Nasdaq’s Listing Qualifications Department. InvestingPro analysis reveals concerning trends, with the stock down nearly 99% over the past year and showing high price volatility. Subscribers can access 10+ additional ProTips about GSIW’s performance.
Garden Stage has been granted a compliance period until March 4, 2026, to regain compliance with the minimum bid price requirement. During this period, the company’s shares will continue to trade uninterrupted on the Nasdaq Capital Market under the ticker GSIW.
To regain compliance, the company’s share price must close at or above $1.00 for a minimum of 10 consecutive business days before the deadline.
If Garden Stage fails to meet the requirement by March 4, 2026, it may be eligible for additional time to regain compliance, provided it meets other Nasdaq Capital Market listing standards and notifies Nasdaq of its intent to address the deficiency.
Garden Stage operates through two wholly-owned subsidiaries in Hong Kong: I Win Securities Limited, which is licensed for securities dealing, and I Win Asset Management Limited, which provides advisory and asset management services.
The company stated that the notification has no immediate effect on its business operations.
In other recent news, Garden Stage Limited has successfully closed a registered direct offering, raising approximately $4.2 million in gross proceeds. The Hong Kong-based company sold 38,406,345 ordinary shares at a purchase price of $0.11 per share. Some investors opted for pre-funded warrants instead of shares, with an exercise price of $0.001 per share. This development follows the company’s announcement of entering into a definitive agreement with investors for the share sale. The transaction was anticipated to close on or about Friday, aligning with the company’s expectations. These recent developments mark a significant financial move for Garden Stage Limited.
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