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Lakeside Holding Ltd (NASDAQ:LSH) announced it received a notice from the Nasdaq Stock Market staff on Monday regarding non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. According to a press release statement based on an SEC filing, the company’s common stock failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days, from June 12 to July 28, 2025, as required by Nasdaq Listing Rule 5550(a)(2).
Under Nasdaq Listing Rule 5810(c)(3)(A), Lakeside Holding has been granted an initial 180 calendar day period, until January 26, 2026, to regain compliance. The company can regain compliance if its common stock closes at or above $1.00 per share for at least 10 consecutive business days before the compliance deadline. Nasdaq staff may, at their discretion, require the company to maintain the minimum bid price for up to 20 consecutive business days before determining compliance.
If Lakeside Holding does not regain compliance by the stated deadline, it may be eligible for a second 180-day compliance period, provided it meets other continued listing requirements and notifies Nasdaq of its intent to cure the deficiency. If the company fails to qualify for, or regain compliance during, this additional period, Nasdaq staff will issue a written notice that the company’s common stock is subject to delisting. The company would then have the right to appeal the decision to the Nasdaq Listing Qualifications Panel.
The notice has no immediate effect on the listing or trading of Lakeside Holding’s common stock on the Nasdaq Capital Market. The company stated it intends to monitor the closing bid price of its stock and may consider available options, including a reverse stock split, to address the deficiency.
All information is based on a press release statement and the company’s SEC filing.
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