Bowen Acquisition Corp faces potential Nasdaq delisting

Published 20/03/2025, 22:24
Bowen Acquisition Corp faces potential Nasdaq delisting

Bowen Acquisition Corp, a company specializing in soap, detergent, and cosmetic products, has received a notice from Nasdaq regarding a potential delisting due to its market value shortfall. On March 19, 2025, the company was informed that its ordinary shares’ closing market value had been below the Nasdaq Global Market’s required minimum of $50 million for 30 consecutive business days. According to InvestingPro data, the company’s current market capitalization stands at $58.48 million, following a significant 65% surge in share price over the past week.

The company, listed under the ticker symbol "BOWN" on The Nasdaq Stock Market LLC, must elevate its market value of listed securities (MVLS) to at least $50 million for ten consecutive business days within a 180-day period, ending on September 15, 2025, to regain compliance and avoid delisting. The stock has shown significant volatility, with InvestingPro data revealing a 31.5% decline over the past six months, though recent price action suggests potential recovery.

Currently, the trading of Bowen Acquisition Corp’s ordinary shares continues without interruption. The company has not provided any specific strategy on how it plans to address the compliance issue.

This situation is a forward-looking statement and should not be relied upon as a guarantee of future performance. The company has stated that it will not provide updates or revisions to these forward-looking statements unless required by law.

The information in this article is based on a press release statement from Bowen Acquisition Corp.

In other recent news, Bowen Acquisition Corp has announced an amendment to its corporate charter to extend the deadline for completing a business combination. This decision came after a shareholder meeting where the proposal was approved with 6,659,110 votes in favor and 1,437,824 against. Originally set for January 14, 2025, the new deadline can now be extended up to April 14, 2025, in three one-month increments. The extension allows Bowen Acquisition Corp additional time to finalize a merger or similar business combination, which is crucial for the company’s strategic plans. This development follows an earlier adjournment of the company’s extraordinary general meeting to allow more time for shareholder vote solicitation. The company had emphasized the necessity of this extension to complete its business objectives effectively. Investors are encouraged to review the proxy statement for detailed information about the company’s plans and executive interests. The information was disclosed in a recent 8-K filing with the SEC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.