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AGM Group Holdings Inc. (NASDAQ:AGMH), a company specializing in computer programming services, announced today that it has received a notification from Nasdaq regarding the minimum bid price requirement. The company’s shares, currently trading at $0.07 and down over 96% in the past year according to InvestingPro data, have been trading well below the required minimum bid price of $1.00 per share.
The Nasdaq notification, dated today, indicates that the company does not meet the minimum bid price standard set forth in Nasdaq’s Listing Rules. AGM Group Holdings, which InvestingPro data shows has a concerning financial health score of 1.55 (WEAK) and a current ratio of 0.85, has a grace period of 180 days to regain compliance with the minimum bid price requirement. During this period, the company must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days to regain compliance.
The company’s CEO, Bo Zhu, signed the report on behalf of AGM Group Holdings, confirming the receipt of the Nasdaq notification. The report was filed with the United States Securities and Exchange Commission and is based on the Form 6-K, which is a report of foreign private issuers pursuant to rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
AGM Group Holdings is incorporated in a jurisdiction denoted by the code D8 and has its principal executive office located in Wanchai, Hong Kong. The company’s fiscal year ends on December 31st.
The receipt of this notification does not immediately affect AGM Group Holdings’ listing on the Nasdaq Stock Market, and the company’s shares will continue to trade as usual. However, if the company fails to regain compliance within the 180-day grace period, Nasdaq may provide a second 180-day compliance period or notify the company of its delisting. With a market capitalization of just $1.72 million and rapidly deteriorating financials, as revealed by InvestingPro’s analysis (which includes 15 additional warning signals available to subscribers), the company faces significant challenges in regaining compliance. In such a case, AGM Group Holdings would have the opportunity to appeal the decision before a Nasdaq Hearings Panel.
This news is based on a press release statement and provides investors with the latest regulatory developments concerning AGM Group Holdings’ status on the Nasdaq Stock Market.
In other recent news, AGM Group Holdings Inc. has been notified by Nasdaq regarding non-compliance with the minimum bid price requirement. The company’s stock has closed below the necessary $1.00 threshold for 30 consecutive business days, leading to this notification. AGM Holdings received this notice on March 13, 2025, but the current trading of its shares remains unaffected. The company has until September 9, 2025, to meet the bid price requirement, with a potential extension if certain conditions are satisfied. To regain compliance, AGM Holdings must maintain a closing bid price of at least $1.00 per share for ten consecutive business days within the 180-day grace period. If unsuccessful by the deadline, they may receive an additional 180-day period to rectify the issue, provided all other initial listing standards are met, except for the bid price. This notice is part of Nasdaq’s regulatory framework to ensure listed companies adhere to continuous listing standards. Investors are encouraged to keep an eye on AGM Holdings’ filings with the U.S. Securities and Exchange Commission for updates on the company’s financial condition and operational strategies.
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