Smart Logistics Global Receives Nasdaq Deficiency Notice after 30 Sub-$1 Days, 180-Day Cure Period
Smart Logistics Global Limited received a Nasdaq notice on May 1, 2026 after its shares traded below US$1.00 for 30 consecutive business days through April 30, 2026. It has 180 days until October 28, 2026 to regain a US$1.00 minimum bid price for ten straight business days.
1. Nasdaq Minimum Bid Price Deficiency Notice
On May 1, 2026, Nasdaq's Listing Qualifications Department notified Smart Logistics Global Limited that its ordinary shares closed below US$1.00 for 30 consecutive business days between March 19 and April 30, 2026, thus failing to meet Nasdaq Listing Rule 5550(a)(2).
2. Compliance Period and Requirements
Under Nasdaq rules, the company has a 180-day compliance period ending October 28, 2026 to achieve a closing bid price of at least US$1.00 for ten consecutive business days; an indicator of non-compliance will appear on trading systems for its shares.
3. Company Response and Future Outlook
The company is actively monitoring its share price and exploring options to restore compliance, but there is no assurance it will meet requirements or receive an extension, potentially risking further listing penalties if non-compliance persists.