Top Wealth Group (NASDAQ: TWG) has received a second 180-day grace period from Nasdaq until December 8, 2025, to meet the minimum bid price requirement of $1 per share under Listing Rule 5550(a)(2). This extension follows the initial grace period and gives TWG additional time to regain compliance. If the company fails to meet the requirement by the new deadline, it will receive a delisting notification, though it can appeal to a Hearings Panel. TWG states it is evaluating options and will make reasonable efforts to regain compliance with the listing requirement.
Top Wealth Group (NASDAQ: TWG) ha ottenuto un secondo periodo di grazia di 180 giorni da Nasdaq, fino all'8 dicembre 2025, per soddisfare il requisito minimo del prezzo di offerta di 1 dollaro per azione previsto dalla Regola di Quotazione 5550(a)(2). Questa estensione segue il periodo di grazia iniziale e concede a TWG ulteriore tempo per tornare in conformit脿. Se la societ脿 non riuscir脿 a rispettare il requisito entro la nuova scadenza, ricever脿 una notifica di esclusione dalla quotazione, anche se potr脿 presentare ricorso a un Panel di Audizioni. TWG dichiara di stare valutando le opzioni e di impegnarsi ragionevolmente per tornare a rispettare il requisito di quotazione.
Top Wealth Group (NASDAQ: TWG) ha recibido un segundo per铆odo de gracia de 180 d铆as por parte de Nasdaq, hasta el 8 de diciembre de 2025, para cumplir con el requisito m铆nimo de precio de oferta de 1 d贸lar por acci贸n seg煤n la Regla de Listado 5550(a)(2). Esta extensi贸n sigue al per铆odo de gracia inicial y brinda a TWG tiempo adicional para recuperar el cumplimiento. Si la empresa no cumple con el requisito antes de la nueva fecha l铆mite, recibir谩 una notificaci贸n de exclusi贸n, aunque puede apelar ante un Panel de Audiencias. TWG declara que est谩 evaluando opciones y har谩 esfuerzos razonables para volver a cumplir con el requisito de listado.
Top Wealth Group (NASDAQ : TWG) a obtenu une deuxi猫me p茅riode de gr芒ce de 180 jours de la part du Nasdaq, jusqu'au 8 d茅cembre 2025, pour satisfaire 脿 l'exigence de prix d'offre minimum de 1 dollar par action conform茅ment 脿 la r猫gle de cotation 5550(a)(2). Cette extension fait suite 脿 la p茅riode de gr芒ce initiale et offre 脿 TWG un d茅lai suppl茅mentaire pour retrouver la conformit茅. Si la soci茅t茅 ne respecte pas cette exigence avant la nouvelle 茅ch茅ance, elle recevra une notification de radiation, bien qu'elle puisse faire appel devant un panel d'auditions. TWG indique qu'elle 茅value ses options et fera des efforts raisonnables pour se conformer 脿 nouveau 脿 l'exigence de cotation.
Top Wealth Group (NASDAQ: TWG) hat von der Nasdaq eine zweite 180-t盲gige Schonfrist bis zum 8. Dezember 2025 erhalten, um die Mindestgebotspreisanforderung von 1 US-Dollar pro Aktie gem盲脽 Listing-Regel 5550(a)(2) zu erf眉llen. Diese Verl盲ngerung folgt auf die erste Schonfrist und gibt TWG zus盲tzliche Zeit, die Einhaltung wiederherzustellen. Sollte das Unternehmen die Anforderung bis zur neuen Frist nicht erf眉llen, erh盲lt es eine Delisting-Benachrichtigung, kann jedoch bei einem Hearing-Panel Einspruch einlegen. TWG erkl盲rt, dass es Optionen pr眉ft und angemessene Anstrengungen unternehmen wird, um die Listing-Anforderungen wieder zu erf眉llen.
Positive
Company granted additional 180 days to regain compliance instead of immediate delisting
Opportunity to appeal to Hearings Panel if compliance is not achieved by deadline
Negative
Company still unable to maintain minimum $1 share price requirement after initial grace period
Risk of potential delisting from Nasdaq if compliance is not achieved by December 8, 2025
No concrete plan presented to address the minimum bid price issue
Hong Kong, June 11, 2025 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited聽(NASDAQ: TWG) (鈥淭op Wealth鈥� or the 鈥淐ompany鈥�), announced that it received a letter from the Listing Qualifications Department of聽The Nasdaq Stock Market LLC聽(鈥淣asdaq鈥�) on聽June 10, 2025, indicating that the Company is granted an additional 180 calendar days, until December 8, 2025, to regain compliance with the minimum bid price requirement of $1 per share, as stipulated by Nasdaq Listing Rule 5550(a)(2). If compliance cannot be demonstrated by December 8, 2025, Nasdaq staff will provide written notification that the Company鈥檚 securities will be delisted. At that time, the Company may appeal Nasdaq staff鈥檚 determination to a Hearings Panel.
The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq鈥檚 continued listing requirement. The Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2).
About聽Top Wealth Group Holding Limited
Top Wealth Group Holding Limited聽is a holding company incorporated in the聽Cayman Islands, and all of its operations are carried out by its operating subsidiary in聽Hong Kong,聽Top Wealth Group (International) Limited. The Company specializes in supplying premium-class sturgeon caviar, and its caviar and caviar products are endorsed with the聽Convention on International Trade聽in Endangered Species of Wild Fauna and Flora (鈥淐ITES鈥�) permits. The Company supplies caviar to its customers under its customer鈥檚 brand labels (i.e. private labeling), and the Company also sells the caviar product under the Company鈥檚 caviar brand, 鈥淚mperial Cristal Caviar鈥�, which has continuously achieved tremendous sales growth since its launch in the market.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the 鈥渟afe harbor鈥� provisions of the聽U.S.聽Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 鈥渨ill,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渇uture,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渃onfident鈥� and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the聽U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in verbal statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company鈥檚 beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in the Company鈥檚 filings with the聽Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.
For more information, please contact:
Top Wealth Group Holding Limited Investor Relations 贰尘补颈濒:听
FAQ
What is the deadline for TWG to meet Nasdaq's minimum bid price requirement?
TWG has until December 8, 2025, to meet Nasdaq's minimum bid price requirement of $1 per share.
What happens if TWG fails to meet Nasdaq's minimum bid price requirement by December 8, 2025?
If TWG fails to meet the requirement, they will receive a delisting notification but can appeal the decision to a Nasdaq Hearings Panel.
What is the minimum share price TWG needs to maintain for Nasdaq compliance?
TWG needs to maintain a minimum bid price of $1 per share to comply with Nasdaq Listing Rule 5550(a)(2).
How long is the second grace period granted to TWG by Nasdaq?
Nasdaq granted TWG an additional 180-day grace period, extending from June 10, 2025, to December 8, 2025.
What options does TWG have to regain Nasdaq compliance?
While specific options weren't detailed in the announcement, TWG stated they are evaluating options and will use all reasonable efforts to regain compliance with the minimum bid requirement.
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