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TOKYO - Linkage Global Inc (NASDAQ: LGCB), a Japan-based cross-border e-commerce service provider with a market capitalization of $6.27 million, has announced its successful compliance with Nasdaq’s minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. The stock, which has experienced a 94.65% decline over the past year according to InvestingPro data, currently trades at $1.88. After receiving a notice on October 31, 2024, of not meeting the minimum bid price, the company had 180 days to rectify the situation. Between April 7, 2025, and April 22, 2025, Linkage Global maintained a closing bid price of at least $1.00 for over 10 consecutive business days, meeting the Nasdaq Listing Rule 5550(a)(2) criteria.
The notification from Nasdaq’s Listing Qualifications Department marks the resolution of the matter, as the company’s share price has consistently met the required threshold. This development follows a period of uncertainty after the company was alerted last year that its share price had fallen below the minimum bid price based on the closing bid price for 30 consecutive business days. InvestingPro analysis reveals the company maintains a healthy current ratio of 2.73, indicating strong ability to meet short-term obligations, though it operates with moderate debt levels.
Linkage Global Inc specializes in facilitating cross-border e-commerce through two main lines of business: cross-border sales and integrated e-commerce services. The company, which started its cross-border sales operations in 2011 through its subsidiary EXTEND CO., LTD., offers products sourced from Japanese and Chinese manufacturers and brands, including its own private label smart products. With annual revenue of $10.29 million and a gross profit margin of 40.49%, the company faces profitability challenges, reporting a negative return on equity. Additionally, Linkage Global provides digital marketing solutions in partnership with Google and other channels, and since 2021, it has been offering e-commerce operation training courses and software support services.Unlock comprehensive insights and 12 additional ProTips about LGCB with InvestingPro, including detailed valuation metrics and growth potential analysis.
The company’s mission is to simplify cross-border transactions, and it operates from its headquarters in Japan with additional operations in Hong Kong and mainland China. This news is based on a press release statement and does not include any forward-looking statements or predictions about the company’s future performance or market conditions.
In other recent news, Linkage Global Inc has announced a 10-for-1 share consolidation to comply with Nasdaq listing requirements. The board of directors approved this consolidation, which will convert every 10 existing ordinary shares into one issued and outstanding ordinary share. This adjustment will be effective starting April 7, 2025, and shareholders will not need to take any action as the process will occur automatically. Additionally, Linkage Global Inc has scheduled its annual general meeting of shareholders for March 10, 2025. The company has confirmed that the proxy statement for the meeting will be distributed to all shareholders, detailing the agenda and profiles of board members up for election or re-election. This meeting serves as an invitation for shareholders to participate in the decision-making process regarding the company’s affairs. The announcement aligns with the Securities Exchange Act of 1934, ensuring compliance with U.S. regulations. Investors are encouraged to review these materials to make informed decisions about the company’s governance and future direction.
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