Linkage Global Inc Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
06 11월 2024 - 8:00PM
Linkage Global Inc (the “Company” or “Linkage”), (NASDAQ: LGCB), a
cross-border e-commerce integrated services provider headquartered
in Japan, today announced that, on October 31, 2024, the Company
received a letter from the Listing Qualifications Department of The
Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based
upon the closing bid price of the Class A ordinary shares of the
Company for the last 30 consecutive business days, the Company no
longer meets the continued listing requirement of Nasdaq under
Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of
$1 per share.
The notification has no immediate effect on the
listing or trading of the Company’s Class A ordinary shares on
Nasdaq. Nasdaq has provided the Company with an 180 calendar days
compliance period, or until April 29, 2025, in which to regain
compliance with Nasdaq continued listing requirement. In the event
that the Company does not regain compliance in the compliance
period, the Company may be eligible for an additional 180 calendar
days, should the Company meet the continued listing requirement for
market value of publicly held shares and all other initial listing
standards for The Nasdaq Capital Market, with the exception of the
bid price requirement, and is able to provide written notice of its
intention to cure the deficiency during the second compliance
period, by effecting a reverse stock split, if necessary. However,
if it appears that the Company will not be able to cure the
deficiency, or if the Company is otherwise not eligible, Nasdaq
will provide notice that the Company’s securities will be subject
to delisting.
The Company is currently evaluating options to
regain compliance and intends to timely regain compliance with
Nasdaq’s continued listing requirement. Although the Company will
use all reasonable efforts to achieve compliance with Rule
5550(a)(2), there can be no assurance that the Company will be able
to regain compliance with that rule or will otherwise be in
compliance with other Nasdaq continued listing requirement.
About Linkage Global Inc
Linkage Global Inc is a holding company
incorporated in the Cayman Islands with no operations of its own.
Linkage Cayman conducts its operations through its operating
subsidiaries in Japan, Hong Kong, and mainland China. As a
cross-border e-commerce integrated services provider headquartered
in Japan, through its operating subsidiaries, the Company has
developed a comprehensive service system comprised of two lines of
business complementary to each other, including (i) cross-border
sales and (ii) integrated e-commerce services. For more
information, please visit www.linkagecc.com.
Safe Harbor Statement
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “assesses,” “believes,”
“hopes,” “expects,” “anticipates,” “estimates,” “projects,”
“intends,” “plans,” “will,” “would,” “should,” “could,” “may” or
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s annual
reports on Form 20-F and other filings with the U.S. Securities and
Exchange Commission.
For more information, please
contact:
Investor RelationsWFS Investor Relations
Inc.Connie Kang, PartnerEmail: ckang@wealthfsllc.comTel: +86 1381
185 7742
Linkage Global (NASDAQ:LGCB)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Linkage Global (NASDAQ:LGCB)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024