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EPWK Holdings Ltd. (NASDAQ:EPWK) disclosed Monday that it received three deficiency letters from the Nasdaq Stock Market regarding non-compliance with continued listing standards.
According to a statement based on a recent SEC filing, the company was notified on July 23 by Nasdaq’s Listing Qualifications Department that it does not meet three specific requirements for the Nasdaq Global Market.
First, EPWK Holdings failed to comply with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), as the bid price of its Class A ordinary shares remained below $1.00 for 31 consecutive business days. The company has been granted a 180-calendar day period, until January 19, 2026, to regain compliance with this rule.
Second, the company did not meet the market value of listed securities (MVLS) standard set by Nasdaq Listing Rule 5450(b)(2)(A), with the market value of its listed securities falling below $50 million for 32 consecutive business days. EPWK Holdings also has until January 19, 2026, to address this deficiency.
Third, EPWK Holdings failed to comply with the market value of publicly held shares (MVPHS) requirement under Nasdaq Listing Rule 5450(b)(2)(C), as the market value of publicly held shares was below $15 million for 31 consecutive business days. The compliance period for this notice also expires on January 19, 2026.
The company stated that the deficiency letters do not immediately impact the listing or trading of its Class A ordinary shares on the Nasdaq Global Market. EPWK Holdings indicated it intends to monitor the market value and bid price of its securities and consider available options to regain compliance within the specified periods.
This information is based on a press release statement included in the company’s SEC filing.
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