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Scienture Holdings, Inc. (NASDAQ:SCNX) announced it received a written notice from the Listing Qualifications department of The Nasdaq Stock Market LLC on Tuesday regarding non-compliance with Nasdaq Listing Rule 5450(a)(1). The notice states that the company’s common stock, currently trading at $0.54 and down over 91% year-to-date according to InvestingPro data, has closed below the minimum $1.00 per share bid price requirement for 30 consecutive business days.
According to the statement, Scienture Holdings has 180 calendar days, until April 13, 2026, to regain compliance with the minimum bid price rule. To meet the requirement, the closing bid price of the company’s common stock must be at least $1.00 per share for a minimum of ten consecutive business days during the grace period.
The company reported that the notice does not have an immediate effect on the listing or trading of its common stock on the Nasdaq Stock Market.
This information is based on a press release statement contained in a recent SEC filing.
In other recent news, Scienture Holdings, Inc. has made several noteworthy announcements. The company has entered into an agreement with Arena Finance Markets, LP and Arena Special Opportunities III LP to discharge all outstanding balances on previously issued secured convertible debentures. This agreement includes a revised conversion price of $2.4861 per share of common stock, with Arena Investors agreeing to convert the remaining amounts owed into shares of Scienture’s common stock. Additionally, Scienture Holdings has amended its bylaws to lower the quorum requirement for shareholder meetings, now requiring the presence of holders representing one-third of the company’s voting stock. Furthermore, the company has raised $3.9 million through a registered direct offering, selling 3,225,000 shares of common stock at $1.20 per share. The offering is expected to close on August 15, 2025, pending customary closing conditions. These developments reflect Scienture Holdings’ ongoing efforts to manage its financial structure and shareholder engagement effectively.
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