Trump announces 100% chip tariff as Apple ups U.S. investment
Next (LON:NXT) Technology Holding Inc. (NASDAQ:NXTT), a company specializing in computer processing and data preparation services with a market capitalization of $110 million, announced today that it has received a notice from the Nasdaq Stock Market LLC indicating non-compliance with the exchange’s minimum bid price requirement. Currently trading at $0.25, the company’s common stock has been trading below the $1.00 threshold for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). According to InvestingPro data, the stock has declined nearly 90% year-to-date.
The notice, dated Monday, grants Next Technology a 180-day period, until October 13, 2025, to meet the minimum bid price condition. To regain compliance, the company’s stock must close at or above $1.00 per share for at least ten consecutive business days within this timeframe. The company’s stock will continue to be listed on the Nasdaq Capital Market during this period. Despite the price challenges, InvestingPro analysis reveals the company maintains impressive gross profit margins of 59% and operates with a healthy current ratio of 30.43, indicating strong short-term liquidity. Subscribers can access 14 additional ProTips and detailed financial metrics.
If compliance is not achieved by the deadline, Next Technology may be eligible for a second 180-day period, provided it meets all other initial listing standards, except the minimum bid price, and submits a written notice of its intent to Nasdaq.
Failure to meet the requirements after the compliance period(s) may lead to delisting from the Nasdaq Capital Market. The company would then have the opportunity to appeal the delisting decision to a Nasdaq hearings panel.
Next Technology, which has undergone multiple name changes, previously known as WeTrade Group Inc. and operating under various names, is considering measures to address the issue and regain compliance. Trading at a P/E ratio of 0.07, the stock has fallen from its 52-week high of $6.59 to current levels. However, there is no guarantee that the company will be able to maintain compliance with Nasdaq listing requirements or that any appeal to the hearings panel will be successful. Get comprehensive analysis and real-time alerts on NXTT’s compliance progress with InvestingPro.
This information is based on a press release statement and contains forward-looking statements regarding the company’s plans to address the non-compliance with Nasdaq’s listing rules. These statements are subject to risks and uncertainties, and actual results could differ materially. The company’s filings with the SEC, including its most recent Annual Report on Form 10-K, detail the potential risks and uncertainties that could impact its business and financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.