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Yunhong Green CTI Ltd. (NASDAQ:YHGJ), a manufacturer of fabricated rubber products with a market capitalization of $21.2 million, disclosed the departure of a board member in a recent SEC filing. The announcement comes as the stock has experienced a 13.4% decline over the past week, continuing its volatile trading pattern. On Monday, Douglas Bosley resigned from his position as a director of the company. The Board of Directors accepted his resignation the following day, as documented in the company’s Form 8-K filed with the Securities and Exchange Commission.
The Illinois-based company, formerly known as Yunhong CTI Ltd. and CTI Industries Corp , did not provide a reason for Bosley’s resignation in the filing. The announcement follows the company’s standard reporting procedures and complies with the requirements of the Securities Exchange Act of 1934. According to InvestingPro analysis, the company currently shows weak financial health metrics, with negative EBITDA of $270,000 and a concerning Altman Z-Score of 0.23.
Yunhong Green CTI Ltd. is incorporated in Illinois and operates with a fiscal year ending on December 31. The company’s principal executive offices are located at 22160 N. Pepper Road, Lake Barrington, IL 60010.
The company’s common stock is registered with the SEC and trades on The Nasdaq Stock Market LLC under the trading symbol YHGJ. The resignation event was reported to have occurred on April 25, 2025, with the formal report filed on May 2, 2025.
This information is based on a press release statement and the SEC filing provides no further details on the circumstances leading to the resignation or plans for a replacement director. Investors and stakeholders are advised to refer to official announcements for any updates regarding changes to the company’s board or executive team. The company is scheduled to report its next earnings on May 14, 2025. InvestingPro subscribers have access to additional insights, including 6 more key tips about YHGJ’s performance and detailed financial analysis tools.
In other recent news, Yunhong Green CTI Ltd. is facing a potential delisting from The Nasdaq Capital Market due to non-compliance with the exchange’s minimum bid price requirement. The company received a notice on October 21, 2024, indicating it had not maintained the necessary minimum closing bid price of $1.00 for 30 consecutive business days. Initially granted a 180-day grace period, which ended on April 21, 2025, Yunhong Green CTI Ltd. was unable to meet the bid price threshold. Consequently, Nasdaq extended a second 180-day period, setting a new deadline of October 19, 2025, for the company to regain compliance. Yunhong Green CTI Ltd. has stated its intention to monitor its stock’s closing bid price closely and consider all available options to meet the Nasdaq Listing Rule 5550(a)(2). If the company fails to rectify the bid price deficiency within this period, a reverse stock split may be implemented as a remedial measure. The company has indicated that achieving a bid price of $1.00 or higher per share for at least 10 consecutive business days before the deadline would bring it back into compliance. This situation follows a previous name change from Yunhong CTI Ltd. to Yunhong Green CTI Ltd. in 2020.
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