High-Trend International Group receives Nasdaq notice for minimum bid price deficiency

High-Trend International Group (NASDAQ:HTCO), a $9.8 billion market cap company currently trading at $1.39, announced Monday that it received a notice from Nasdaq on June 27, stating the company’s ordinary shares had closed below the minimum $1.00 per share bid price requirement for the last 30 consecutive business days. This notification was disclosed in a press release statement based on a recent SEC filing.

According to the filing, the company remains listed on the Nasdaq Capital Market and its shares will continue to trade under the symbol “HTCO” for now. The notice does not have an immediate effect on the company’s listing status.

Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share. High-Trend International Group has been granted a 180-calendar-day period, until December 24, 2025, to regain compliance. The company can restore compliance if its closing bid price reaches at least $1.00 for a minimum of ten consecutive business days during this period.

If the company does not regain compliance by the end of the first 180-day period, it may be eligible for an additional 180-calendar-day extension. To qualify for this extension, the company must meet all other initial listing standards for the Nasdaq Capital Market, except for the bid price requirement, and must provide written notice of its intention to resolve the deficiency. Despite the listing challenges, the stock has shown resilience, trading well above its 52-week low of $1.20, though down 3.86% year-to-date. For deeper insights into HTCO’s financial health and growth prospects, check out the comprehensive analysis available on InvestingPro, which includes exclusive ProTips and detailed valuation metrics.

The filing states that if Nasdaq determines the company will not be able to cure the deficiency, or if it is otherwise ineligible, the company’s shares may be subject to delisting.

High-Trend International Group said it intends to monitor the closing bid price of its shares and will consider available options to resolve the deficiency and regain compliance.

This information is based on a press release statement included in the company’s recent SEC filing.

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