Smart Logistics Global gets 180-day Nasdaq extension to meet minimum bid price requirement
SLGB•Nasdaq granted Smart Logistics Global until April 26, 2027, to regain compliance with its $1 minimum bid price requirement. The extension does not immediately affect its listing or trading, and the company is evaluating options including a reverse stock split.
1. Extension granted
Nasdaq gave Smart Logistics Global an additional 180 calendar days, until April 26, 2027, to regain compliance with its minimum bid price requirement. Its Class A ordinary shares must close at a bid price of at least $1 for 10 consecutive business days.
2. Trading continues
The extension has no immediate effect on the company’s listing or trading, and its shares will continue trading on the Nasdaq Capital Market under SLGB. Smart Logistics Global is evaluating options to regain compliance, including a reverse stock split if necessary.
