LGCL News & Events

Lucas GC announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market dated November 3, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2).

Lucas GC will effect a forty-for-one share consolidation of its issued and unissued ordinary shares, par value $0.000005 per share and an adoption of dual-class share structure on October 13, 2025. On May 5, 2025, the Company's shareholders voted and approved at the extraordinary general meeting to implement a forty-for-one share consolidation of the Company's issued and unissued shares, whereby every 40 authorized issued and unissued shares, par value $0.000005 per share, in the authorized share capital of the Company be consolidated into one share, par value $0.0002 per share, such that the authorized share capital of the Company shall be $50,000 divided into 250,000,000 shares, par value $0.0002 per share; subject to the Share Consolidation, an adoption of dual-class share structure, upon which the authorized share capital of the Company will be changed from $50,000 divided into 250,000,000 Consolidated Shares of a par value of $0.0002 each, to$50,000 divided into 235,000,000 Class A ordinary shares of a par value of $0.0002 each and 15,000,000 Class B ordinary shares of a par value of $0.0002 each; and subject to the Share Consolidation and the adoption of the Dual-Class Share Structure, an amendment and restatement of the existing Amended and Restated Memorandum and Articles of Association of the Company by the deletion in their entirety and the substitution in their place of the Amended and Restated Memorandum and Articles of Association of the Company which incorporate amendments including but not limited to the Share Consolidation and the adoption of the Dual-Class Share Structure and set out the rights and privileges of the Class A Ordinary Shares and Class B Ordinary Shares. In connection with the Share Consolidation and Dual-Class Share Structure, the Company amended and restated its memorandum and articles of association to reflect the adjustment of the number of authorized ordinary shares, the number of Class A Ordinary Shares and Class B Ordinary Shares and the par value. The Company anticipates that beginning with the opening of trading on October 13, 2025, the Company's Class A Ordinary Shares will trade on the Nasdaq Capital Market on a consolidation-adjusted basis with adoption of dual-class share structure. A new CUSIP number, G57037114, has been assigned to the Company's Class A Ordinary Shares as a result of the Share Consolidation and Dual-Class Share Structure.

Lucas GC announced that it received a letter from The Nasdaq Stock Market, notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker "LGCL."

Lucas GC has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market dated July 21, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2). As previously announced, the Company was notified by Nasdaq on January 15, 2025 that the Company's ordinary shares failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days. According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater for 20 consecutive business days, from June 20, 2025 to July 18, 2025, and the matter is now closed.