Gold prices tick higher on fresh U.S. tariff threats, Fed rate cut hopes
HONG KONG - Top Wealth Group Holding Limited (NASDAQ:TWG) has received an additional 180 calendar days to regain compliance with Nasdaq’s minimum bid price requirement, according to a company statement released Wednesday. The company’s stock, currently trading at $0.13, has faced significant challenges, declining 88% over the past year according to InvestingPro data.
The Nasdaq Stock Market’s Listing Qualifications Department granted the extension in a letter dated June 10, giving Top Wealth until December 8, 2025, to meet the $1 per share minimum bid price required under Nasdaq Listing Rule 5550(a)(2).
If the company fails to demonstrate compliance by the December deadline, Nasdaq staff will provide written notification that Top Wealth’s securities will be delisted. At that point, the company would have the option to appeal the determination to a Hearings Panel.
Top Wealth stated it is "currently evaluating options to regain compliance" and intends to use "all reasonable efforts" to meet the continued listing requirement before the extended deadline.
The Hong Kong-based company specializes in supplying premium-class sturgeon caviar with Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) permits. Top Wealth supplies caviar under private labels for customers and sells products under its own Imperial Cristal Caviar brand.
The information was disclosed in a press release issued by the Cayman Islands-incorporated holding company, whose operations are carried out by its Hong Kong subsidiary, Top Wealth Group (International) Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.