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NEW YORK - Lucas GC Limited (NASDAQ:LGCL), an artificial intelligence technology-driven Platform-as-a-Service company with a market capitalization of just $9.35 million, announced Wednesday it has regained compliance with Nasdaq’s minimum bid price requirement.
According to a notification letter from the Nasdaq Listing Qualifications Department dated November 3, Lucas GC has satisfied the listing rule that requires maintaining a minimum bid price of $1.00 per share. The company’s stock currently trades at $3.35, significantly above the compliance threshold but well below its 52-week high of $54.40.
The company had previously been notified of non-compliance on September 5 after its ordinary shares failed to maintain the required minimum bid price over 30 consecutive business days.
The compliance notice stated that Lucas GC regained compliance because its ordinary shares maintained a closing bid price at or above $1.00 for 15 consecutive business days, from October 13 to October 31, and the matter is now closed. InvestingPro data shows the stock has experienced high volatility, with a 16.32% gain in the past week despite falling 93.08% over the last year.
Lucas GC operates in the human resources and insurance industry verticals, leveraging its AI, data analytics and blockchain technologies. The company reports having 20 granted U.S. and Chinese patents and over 75 registered software copyrights.
This information is based on a press release statement issued by the company.
In other recent news, Lucas GC Limited announced it will implement a 40-for-1 share consolidation and adopt a dual-class share structure on October 13, 2025. These changes were approved by shareholders at an extraordinary general meeting held on May 5, 2025. The company, which operates in the AI technology sector, is making these adjustments as part of its ongoing strategic initiatives. The share consolidation will effectively reduce the number of outstanding shares, potentially impacting shareholder voting power with the introduction of the dual-class structure. This development is part of Lucas GC’s efforts to streamline its corporate structure and align with its long-term goals. While these changes are significant, the company has not announced any immediate impact on its operations or financial performance. Investors will be watching closely to see how these structural changes affect the company’s future direction.
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