New Century Logistics Regains $1.00 Nasdaq Bid Price Compliance After 12-Day Surge
New Century Logistics regained compliance with Nasdaq’s $1.00 minimum bid price requirement after its shares closed at or above $1.00 for 12 consecutive trading days from November 14 to December 2, 2025. Nasdaq formally notified the company on December 3, 2025, closing the compliance matter.
1. Non-Compliance Notification
On August 12, 2025, Nasdaq Listing Qualifications staff issued a written notice to New Century Logistics informing the company that its ordinary shares had failed to maintain a minimum bid price of $1.00 over 30 consecutive business days, placing the company at risk of delisting under Listing Rule 5550(a)(2).
2. Steps to Regain Compliance
To address the deficiency, New Century implemented strategic measures that supported its share price, resulting in closing bids at or above $1.00 for 12 consecutive trading days from November 14 through December 2, 2025.
3. Nasdaq Resolution
On December 3, 2025, Nasdaq formally notified New Century Logistics that it had regained compliance with the minimum bid price requirement, thereby closing the non-compliance matter and maintaining its continued listing on The Nasdaq Stock Market.