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Yunhong Green CTI Ltd. (NASDAQ:YHGJ), an Illinois-based company specializing in fabricated rubber products with a market capitalization of $23.5 million, is currently facing delisting from The Nasdaq Capital Market due to non-compliance with the exchange’s minimum bid price requirement. According to InvestingPro data, the stock has experienced significant volatility, with a dramatic 64.9% gain year-to-date despite showing weak financial health metrics. The company received a notice from Nasdaq on October 21, 2024, indicating that its common stock had not maintained the minimum closing bid price of $1.00 for 30 consecutive business days. The stock currently trades at $0.90, having fallen 14.2% in the past week alone.
Nasdaq’s initial 180-day grace period for compliance ended on April 21, 2025, without Yunhong Green CTI Ltd. meeting the necessary bid price threshold. Consequently, on April 24, 2025, Nasdaq granted the company a second 180-day extension to regain compliance, setting a new deadline of October 19, 2025.
The company has communicated its intention to monitor its stock’s closing bid price closely and to consider all available options to meet the Nasdaq Listing Rule 5550(a)(2), known as the Minimum Bid Price Rule. Yunhong Green CTI Ltd. has stated that if its common stock’s bid price reaches $1.00 or higher per share for at least 10 consecutive business days before the second deadline, it will be considered compliant with the rule. InvestingPro analysis suggests the stock is currently overvalued, with additional metrics and insights available to subscribers, including 6 exclusive ProTips that could help investors make more informed decisions about the company’s prospects.
Should the company fail to rectify the bid price deficiency within this second grace period, it has indicated that a reverse stock split may be implemented as a remedial measure.
This current situation follows a previous name change from Yunhong CTI Ltd. to Yunhong Green CTI Ltd. on March 16, 2020, and an earlier name change from CTI Industries Corp on July 10, 1997.
The notice from Nasdaq, dated April 24, 2025, is included as part of the company’s SEC filing and serves as the basis for this report. The company’s stock continues to be listed and traded on Nasdaq under the ticker symbol YHGJ as it works towards regaining compliance with the exchange’s listing standards. With its next earnings report due on May 14, 2025, investors can access comprehensive financial analysis and real-time updates through InvestingPro’s advanced tools and metrics.
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