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HONG KONG - Raytech Holding Limited (NASDAQ:RAY) announced it has received a deficiency notice from Nasdaq for failing to maintain the minimum required bid price of $1 per share for 30 consecutive business days. The stock currently trades at $0.31, down significantly from its 52-week high of $3.68.
The Hong Kong-based personal care electrical appliances company received the notification on October 14, 2025, according to a press release statement. The notice does not immediately affect the company's listing status. According to InvestingPro data, despite the price decline, Raytech maintains strong financial health with a current ratio of 5.29, indicating solid liquidity.
Nasdaq has granted Raytech a 180-day compliance period until April 13, 2026, to regain compliance with the minimum bid price requirement. If the company fails to meet this deadline, it may be eligible for an additional 180-day grace period if it meets other Nasdaq Capital Market listing standards and provides written notice of its intention to resolve the deficiency.
Raytech indicated it is "currently evaluating options to regain compliance" and intends to meet the requirement within the allotted timeframe, though the company acknowledged there is no guarantee it will succeed.
The company specializes in designing, sourcing, and wholesaling personal care electrical appliances for international brand owners, offering integrated product design and manufacturing solutions through its Hong Kong operating subsidiary. The company remains profitable with revenue growth of 17.57% in the last twelve months.
In other recent news, Raytech Holding Ltd announced it received a notice from the Nasdaq Stock Market regarding non-compliance with the minimum bid price requirement. The company's ordinary shares had closed below $1.00 for 30 consecutive business days, which is a breach of Nasdaq Listing Rule 5550(a)(2). The notification does not result in the immediate delisting of Raytech Holding’s shares, which will continue to trade on the Nasdaq Capital Market. Raytech Holding has been given 180 calendar days, until April 13, 2026, to regain compliance. To meet Nasdaq's requirements, the closing bid price of its ordinary shares must be at least $1.00 for a minimum of 10 consecutive business days during this compliance period.
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