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HONG KONG - Intelligent Living Application Group Inc. (NASDAQ:ILAG), a Hong Kong-based lockset manufacturer trading at $0.48 with a market capitalization of $10.13 million, announced Thursday it has received a 180-day extension from Nasdaq to regain compliance with the exchange’s $1.00 minimum bid price requirement.
The company now has until January 19, 2026, to meet the listing requirement, according to a written notification from Nasdaq Stock Market Listing Qualifications Staff dated July 23.
Nasdaq granted the extension after determining that Intelligent Living meets all other initial listing requirements for the Nasdaq Capital Market except for the bid price rule. The company has indicated it may implement a reverse stock split if necessary to cure the deficiency.
If Intelligent Living’s closing bid price reaches at least $1.00 per share for a minimum of 10 consecutive business days during this period, Nasdaq will confirm compliance and close the matter.
The notification has no immediate impact on the listing or trading of the company’s shares, which will continue trading under the symbol "ILAG" on the Nasdaq Capital Market.
If compliance is not achieved by the January deadline, the company may face delisting but would have the opportunity to appeal to a Nasdaq Hearings Panel.
Intelligent Living manufactures and sells mechanical locksets primarily to customers in the United States and Canada, according to the press release statement. The company has seen its stock decline by 42% over the past six months, though InvestingPro analysis reveals 11 additional key insights about the company’s performance and outlook, available to subscribers.
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