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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.
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