Creative Global Technology Faces Nasdaq Deficiency After 30-Day Sub-$1.00 Bid, Must Comply by Dec. 23
CGTL•On June 26, 2026 Creative Global Technology received a notice after its shares closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The company must regain a $1.00 bid price for ten straight business days by December 23, 2026 or pursue a reverse split for relief.
1. Nasdaq Notification Details
On June 26, 2026 Creative Global Technology Holdings received formal notice from Nasdaq citing non-compliance with the minimum $1.00 bid price requirement after its ordinary shares traded below that threshold for 30 consecutive business days. This notification triggers an automatic 180-day compliance period under Nasdaq Listing Rule 5550(a)(2) without immediate suspension of trading.
2. Compliance Timeline and Requirements
The company has until December 23, 2026 to achieve a closing bid price of at least $1.00 for ten consecutive business days. Success in that period will lead to written confirmation of compliance and closure of the deficiency matter.
3. Potential Cure Options
If CGTL fails to meet the minimum bid requirement by the deadline, it may qualify for an additional grace period provided it meets other listing standards such as market value thresholds. Pursuing this second cure period would likely involve executing a reverse stock split to elevate the per-share price.
