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HONG KONG - Neo-Concept International Group Holdings Limited (NASDAQ:NCI), currently trading at $2.27 per share with a market capitalization of $10.6 million, has regained compliance with Nasdaq’s minimum bid price requirement, the company announced Tuesday based on a notification received from the exchange.
The apparel solution provider had been notified on July 8, 2024 that it failed to maintain the minimum required bid price of $1.00 per share over 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2). The stock has shown significant volatility, trading between $1.40 and $9.00 over the past 52 weeks.
After receiving an extension to meet compliance by July 7, 2025, the company successfully satisfied the requirement on July 1, 2025, nearly a week ahead of the final deadline. Nasdaq has confirmed the matter is now closed. According to InvestingPro data, the company maintains healthy financials with a current ratio of 1.84 and has achieved revenue growth of 35.3% in the last twelve months.
Neo-Concept operates as a one-stop apparel solution services provider, offering market trend analysis, product design, raw material sourcing, production, quality control, and logistics management. The company serves customers in European and North American markets and sells branded apparel under its Les100Ciels label through UK retail stores and e-commerce.
The company stated in its press release that it remains committed to maintaining strong corporate governance and regulatory compliance standards.
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